The White Law Group Files FINRA Arbitration Claim Against Equitable Advisors and Aegis Capital
Chicago, IL – October 6, 2025 – The White Law Group announces the filing of a FINRA arbitration claim against Equitable Advisors, LLC (CRD# 6627) and Aegis Capital Corporation (CRD# 15007). The claim was filed on behalf of a married couple from Mocksville, North Carolina, who allege that their financial advisors recommended an unsuitable investment in Digital Ally, Inc.
According to the claim, the couple sustained damages estimated between $100,000 and $500,000 due to the recommendation and sale of Digital Ally securities. The White Law Group is pursuing claims alleging that the firms failed to perform adequate due diligence and recommended a high-risk, unsuitable investment, in violation of industry rules and regulations.
“Brokerage firms have a duty to recommend investments that are suitable given the client’s financial situation, investment objectives, and risk tolerance,” said D. Daxton White, managing partner of The White Law Group. “When firms fail in that duty, investors often suffer significant financial harm.”
Equitable Advisors Lawsuit and Aegis Capital Complaints
Both Equitable Advisors and Aegis Capital have histories of customer complaints and regulatory actions. The current claim alleges that the firms failed in their supervisory responsibilities and acted against the best interests of their clients by recommending Digital Ally.
Investors who purchased Digital Ally or other speculative securities at the recommendation of these firms may have similar claims and may be eligible to seek recovery through FINRA arbitration.
FINRA Arbitration vs. Class Action Lawsuits
Investors who suffer financial losses due to broker misconduct often wonder whether they should pursue a class action lawsuit or FINRA arbitration.
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FINRA Arbitration: The vast majority of claims against brokerage firms must be filed through FINRA Dispute Resolution, a private forum specifically designed for resolving securities-related disputes. Arbitration is generally faster and more cost-effective than traditional court litigation. Each investor brings an individual claim and can recover damages specific to their losses.
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Class Action: Class actions are typically filed in civil court and involve a large group of plaintiffs with similar claims. While class actions can provide broad relief, they often result in smaller recoveries for individual investors and take years to resolve.
For most retail investors, FINRA arbitration is the primary avenue to pursue recovery of investment losses.
Recovering Investment Losses
If you invested in Digital Ally or other high-risk securities with Equitable Advisors or Aegis Capital, you may be able to recover losses through a FINRA arbitration claim. The White Law Group has handled thousands of claims on behalf of investors across the country.
About The White Law Group
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. The firm represents investors nationwide in claims against brokerage firms for unsuitable investment recommendations, failure to supervise, and securities fraud.
For more information about this claim or to discuss your recovery options, please contact:
The White Law Group
Phone: 888-637-5510
Website: www.whitesecuritieslaw.com
