Andrew George Gergatsoulis (also known as Andrew Geratsoulis), of New York, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $14,750.00 in damages based upon allegations that Gergatsoulis made unsuitable investment recommendations and breached his fiduciary duties in connection with the sale of alternative investments during the time that Gergatsoulis was associated with Aegis Capital Corp. FINRA Arbitration No. 22-02277 (February 24, 2023).
This is not the first time that Gergatsoulis has been referenced in a customer initiated investment related dispute concerning Gergatsoulis’ conduct in the securities industry. FINRA Public Disclosure shows that Gergatsoulis was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $372,000.00 in damages based upon allegations that Gergatsoulis committed elder abuse, converted funds, made omissions of material fact, churned accounts, committed fraud, made unsuitable recommendations, breached his fiduciary duties, and was negligent in connection with the sale of mutual funds, stocks, and municipal bonds when Gergatsoulis was associated with Prospera Financial Services Inc. FINRA Arbitration No. 14-01855 (May 18, 2015). The claim also alleges that the securities broker dealer failed to supervise his activities. Mr. Gergatsoulis states that he was not a party to this action, and “did nothing wrong.”
Gergatsoulis was associated with Aegis Capital Corp. as both a stockbroker and investment advisor representative from November 4, 2013, to May 23, 2019. He has been associated with Merrill Lynch as a stockbroker and an investment advisor representative since June 17, 2019.
