Terry Tzagarakis, formerly with Spartan Capital Securities, Suspended by FINRA for Three Months
Have you lost money with financial advisor Terry Tzagarakis? We are looking into allegations made about Terry Tzagarakis from New York, New York. FINRA (the Financial Industry Regulatory Authority) suspended Terry Tzagarakis from the securities industry for three months and ordered a $5,000 fine. FINRA alleged that Terry Tzagarakis failed to report several tax liens filed against him.
Terry Tzagarakis was a financial advisor and registered representative of Spartan Capital Securities from October 2017 to September 2019. He worked in a branch office in New York, New York. Tzagarakis has also been the subject of six customer complaints, including one filed in 2018. The 2018 complaint alleges over $6 million in damages from unsuitable investments and excessive trading (or churning).
Brokerage firms like Spartan Capital Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Phoenix, Arizona; Seattle, Washington; Denver, Colorado; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including throughout New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past.