Did You Lose Money Because of Kostas Tsamos?
Filed: January 16, 2024
Kostas Tsamos (also known as Gus Tsamos) currently has one (1) pending investigation. Overall, he has been the subject of seven (7) customer complaints, one (1) investigation, and six (6) judgment/lien events. 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 Kostas Tsamos.
Who Is Kostas Tsamos?
- Advisor Name: Kostas Tsamos
- Aliases: Gus Tsamos
- CRD: 2782014
- Location: Garden City, New York
- Current Employer: Currently Not Registered
- Previous Firms: Spartan Capital Securities, LLC, Southeast Investments, N.C., Inc., and Caldwell International Securities
- Number of Known Customer Complaints: 7
- Number of Known Investigation Events: 1
- Number of Known Judgment/Lien Events: 6
- Can Kostas Tsamos Be Sued: Yes, in Private Arbitration
- Can Kostas Tsamos’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $668,000
- Highest Settlement: $100,000
If you have suffered investment losses by Kostas Tsamos, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning 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 Kostas Tsamos For Broker Misconduct
As of this publication date, Kostas Tsamos has been the subject of 7 customer disputes, 1 investigation, and 6 judgment/lien events. Let’s review them below.
In September 2023, FINRA initiated an investigation against or in reference to Kostas Tsamos.
In July 2021, a FINRA arbitration was filed against or in reference to Kostas Tsamos by a customer of Southeast Investments, N.C., Inc. alleging negligence, churning, quantitative unsuitability, qualitative unsuitability, and unauthorized trading. Per the customer, he/she lost over $400,256 because of Tsamos’s actions.
In January 2020, a FINRA arbitration was filed against or in reference to Kostas Tsamos by a customer of Spartan Capital Securities, LLC alleging misrepresentation and unsuitable recommendations. Per the customer, he/she lost over $668,000 because of Tsamos’s actions. On February 22, 2022, Tsamos settled the claim for $75,000, and some or all of this amount may have been paid by Tsamos’s employer and/or insurance carrier.
In May 2019, Kostas Tsamos was the subject of a civil judgment or lien in the amount of $114,449.75. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In March 2019, Kostas Tsamos was the subject of a civil judgment or lien in the amount of $31,416. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In December 2018, Kostas Tsamos was the subject of a civil judgment or lien in the amount of $27,832. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In August 2018, Kostas Tsamos was the subject of a civil judgment or lien in the amount of $47,909. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In July 2017, Kostas Tsamos was the subject of a civil judgment or lien in the amount of $49,241. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In April 2017, Kostas Tsamos was the subject of a civil judgment or lien in the amount of $23,088. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In July 2008, a FINRA arbitration was filed against or in reference to Kostas Tsamos by a customer of J.P. Turner and Company LLC alleging churning, excessive trading, negligence, breach of contract and breach of fiduciary duty. Per the customer, he/she lost over $345,582 because of Tsamos’s actions. On September 14, 2009, Tsamos settled the claim for $100,000, and some or all of this amount may have been paid by Tsamos’s employer and/or insurance carrier.
In April 2007, a NASD arbitration was filed against or in reference to Kostas Tsamos by a customer of Hunter Scott Financial, LLC alleging unsuitable trades and excessive activity. Per the customer, he/she lost over $100,000 because of Tsamos’s actions. On May 6, 2008, Tsamos settled the claim for $75,000, and some or all of this amount may have been paid by Tsamos’s employer and/or insurance carrier.
In March 2003, a complaint was filed against or in reference to Kostas Tsamos by a customer of J.P. Turner and Company LLC alleging excessive and unauthorized trading. Per the customer, he/she lost over $70,000 because of Tsamos’s actions.
In November 2000, a NASD arbitration was filed against or in reference to Kostas Tsamos by multiple customers of J.P. Turner and Company LLC alleging that Tsamos churned, manipulated and victimized claimants accounts or contrary to the claimants best financial interest. Per the customers, they lost over $47,291 because of Tsamos’s actions. On August 14, 2001, Tsamos settled the claim for $36,000, and some or all of this amount may have been paid by Tsamos’s employer and/or insurance carrier.
In November 1999, a NASD arbitration was filed against or in reference to Kostas Tsamos by a customer of Millennium Securities Corp. alleging unauthorized trades. Per the customers, he/she lost over $166,000 because of Tsamos’s actions. On June 20, 2001, Tsamos settled the claim for $25,000 and some or all of this amount may have been paid by Tsamos’s employer and/or insurance carrier.
How To File A Claim Against Kostas Tsamos (previously with Spartan Capital Securities, LLC, Southeast Investments, N.C., Inc., and Caldwell International Securities) To Get Your Money Back
If you have questions about Kostas Tsamos, Spartan Capital Securities, LLC, Southeast Investments, N.C., Inc., Caldwell International Securities, 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.