Investor Alert: Apostolos Nicolas Pitsironis was barred for converting $411,000 in customer funds
/FINRA Sanctions & Allegations of Misconduct
FINRA barred Apostolos Nicolas Pitsironis (CRD #2804907) located in Dix Hills, New York for converting $411,000 in customer funds when he electronically transmitted the funds through automated clearing house transfers from the customer’s securities account at his member firm to a bank account Pitsironis’ controlled, without the customer’s knowledge or consent.
Investors Have the Right to Recover Their Losses
When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.
Can I recover my investment losses?
If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Janney Montgomery Scott, Wells Fargo or Apostolos Nicolas Pitsironis please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.