Did you lose money investing with Apostolos Pitsironis (Paul Pitsironis) (CRD# 2804907)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Apostolos Pitsironis (Paul Pitsironis). If you suffered losses investing with Apostolos Pitsironis (Paul Pitsironis), then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
As of May 13, 2020, Apostolos Pitsironis (Paul Pitsironis)’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
7 Customer Dispute(s)
1 Regulatory Event(s)
1 Employment Separation After Allegations
Current and Previous Registrations
12/21/2018 – 06/28/2019 JANNEY MONTGOMERY SCOTT LLC (CRD#:463) MELVILLE, NY
05/30/2012 – 12/26/2018 WELLS FARGO CLEARING SERVICES, LLC (CRD#:19616) HAUPPAUGE, NY
05/09/2008 – 05/31/2012 RBC CAPITAL MARKETS, LLC (CRD#:31194) JERICHO, NY
04/02/2001 – 05/30/2008 JANNEY MONTGOMERY SCOTT LLC (CRD#:463) MELVILLE, NY
10/04/1996 – 04/03/2001 MORGAN STANLEY DW INC. (CRD#:7556) PURCHASE, NY
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability.
Request a Free Consultation with a Securities Attorney
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.