Did You Lose Money Because of Apostolos Pitsironis?
Filed: February 9, 2024
Apostolos Pitsironis (also known as Paul Pitsironis) has been the subject of one (1) regulatory event, one (1) termination event, and seven (7) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Apostolos Nicolas Pitsironis.
Who Is Apostolos Nicolas Pitsironis?
- Advisor Name: Apostolos Nicolas Pitsironis
- Aliases: Apostolos N Pitsironis, Paul Pitsironis
- CRD: 2804907
- Location: Melville, New York
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: Janney Montgomery Scott LLC, Wells Fargo Clearing Services, LLC, and RBC Capital Markets, LLC
- Number of Known Customer Complaints: 7
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Can Apostolos Pitsironis Be Sued: Yes, in Private Arbitration
- Can Apostolos Pitsironis’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $411,000
- Highest Settlement: $411,000
If you have suffered investment losses by Apostolos Pitsironis, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Apostolos Pitsironis For Broker Misconduct
As of this publication date, Apostolos Pitsironis has been the subject of 1 regulatory event, 1 termination event, and 1 customer dispute. Let’s review them below.
In February 2020, a complaint was filed against or in reference to Apostolos Pitsironis by a customer of Janney Montgomery Scott LLC alleging that Mr. Pitsironis took a loan from the client and failed to repay the borrowed amount and interest. The client demanded that the Firm repay the loan on behalf of the Financial Advisor. Per the customer, he/she lost over $100,000 because of Mr. Pitsironis’s actions. On April 6, 2020, Mr. Pitsironis settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Pitsironis’s employer and/or insurance carrier.
In December 2019, a complaint was filed against or in reference to Apostolos Pitsironis by a customer of Wells Fargo Advisors alleging that funds loaned to the financial advisor, with a commitment the funds would be timely repaid, have yet to be paid back. Per the customer, he/she lost over $123,974.90 because of Mr. Pitsironis’s actions. On January 10, 2020, Mr. Pitsironis settled the claim for $125,100, and some or all of this amount may have been paid by Mr. Pitsironis’s employer and/or insurance carrier.
In November 2019, a complaint was filed against or in reference to Apostolos Pitsironis by multiple customers of Wells Fargo Advisors alleging that funds loaned to the financial advisor have only been partially paid back. Per the customers, they lost over $43,000 because of Mr. Pitsironis’s actions. On December 24, 2019, Mr. Pitsironis settled the claim for $48,800, and some or all of this amount may have been paid by Mr. Pitsironis’s employer and/or insurance carrier.
In October 2019, a complaint was filed against or in reference to Apostolos Pitsironis by a customer of Wells Fargo Advisors alleging that funds loaned to Mr. Pitsironis have only been partially paid back. Per the customer, he/she lost over $115,000 because of Mr. Pitsironis’s actions. On December 13, 2019, Mr. Pitsironis settled the claim for $115,000, and some or all of this amount may have been paid by Mr. Pitsironis’s employer and/or insurance carrier.
In September 2019, a complaint was filed against or in reference to Apostolos Pitsironis by a customer of Wells Fargo Advisors alleging that funds loaned to the Mr. Pitsironis from the client’s IRA, with a commitment the funds would timely be restored to avoid any taxes, have only been partially paid back. Per the customer, he lost over $30,000 because of Mr. Pitsironis’s actions. On October 3, 2019, Mr. Pitsironis settled the claim for $24,031, and some or all of this amount may have been paid by Mr. Pitsironis’s employer and/or insurance carrier.
In September 2019, a complaint was filed against or in reference to Apostolos Pitsironis by a customer of Wells Fargo Advisors alleging that funds loaned to Mr. Pitsironis from the client’s IRA, with a commitment the funds would timely be restored to avoid incurring tax penalties, have been misappropriated and yet to be paid back. Per the customer, he lost over $22,000 because of Mr. Pitsironis’s actions. On November 19, 2019, Mr. Pitsironis settled the claim for $26,840, and some or all of this amount may have been paid by Mr. Pitsironis’s employer and/or insurance carrier.
In September 2019, FINRA initiated a regulatory action against or in reference to Apostolos Pitsironis for allegedly converting $411,000 in customer funds. The findings stated that Pitsironis electronically transmitted the $411,000 in cash from a customer’s securities account at his member firm to a bank account he controlled through automated clearing-house transfers, without the customer’s knowledge or consent.
In June 2019, a complaint was filed against or in reference to Apostolos Pitsironis by a customer of Janney Montgomery Scott LLC alleging that Mr. Pitsironis transferred assets from the client’s account to a third party bank account not in the client’s name. Per the customer, he/she lost over $411,000 because of Mr. Pitsironis’s actions. On June 20, 2019, Mr. Pitsironis settled the claim for $411,000, and some or all of this amount may have been paid by Mr. Pitsironis’s employer and/or insurance carrier.
In June 2019, Janney Montgomery Scott LLC terminated Apostolos Pitsironis after an internal investigation uncovered that Mr. Pitsironis transferred funds via unauthorized ACHs from a client’s account to a third party bank account owned and controlled by Mr. Pitsironis.
How To File A Claim Against Apostolos Pitsironis (previously with Janney Montgomery Scott LLC, Wells Fargo Clearing Services, LLC, and RBC Capital Markets, LLC) To Get Your Money Back
If you have questions about Apostolos Pitsironis, Janney Montgomery Scott LLC, Wells Fargo Clearing Services, LLC, RBC Capital Markets, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.
