Peter Chris Marketos, of Paramus, New Jersey, a stockbroker formerly registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related written complaint on March 2, 2017, in which the customer requested more than $5,000.00 in damages based upon allegations that Marketos, from October of 2014 to February of 2016, breached his fiduciary and contractual obligations to the customer, effected unsuitable over-the-counter equity transactions in the customer’s account and committed fraud.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Marketos has been named in eight additional customer initiated investment related disputes regarding allegations of his wrongdoing while associated with Prime Charter, Ltd., Oppenheimer & Co., Inc., and Raymond James & Associates, Inc. Specifically, on October 25, 2001, a customer initiated investment related written complaint involving Marketos’ conduct was settled to resolve allegations that he mishandled the customer’s over-the-counter equity portfolio.
Subsequently, on May 4, 2015, a customer filed an investment related written complaint involving Marketos’ conduct, based upon allegations that he placed stock trades in the customer’s investment account despite the transactions never having been consented to by the customer beforehand. Marketos was then named in a customer initiated investment related written complaint on February 1, 2016, where the customer requested $54,929.61 in damages based upon allegations that he placed unauthorized corporate debt trades in the customer’s account.
Moreover, on August 5, 2016, a customer filed an investment related arbitration claim regarding Marketos’ activities, wherein the customer requested $330,000.00 in damages based upon allegations that Marketos made unsuitable investment recommendations concerning oil and gas investment transactions. On December 22, 2016, another customer initiated investment related arbitration claim regarding Marketos’ conduct was resolved for $30,000.00 in damages based upon allegations that Marketos made unsuitable investment recommendations to the customer regarding municipal bonds and direct investment program transactions.
Further, on March 2, 2017, a customer filed an investment related written complaint regarding Marketos’ activities, founded upon allegations that Marketos made misrepresentations to the customer and effected stock transactions in the customer’s investment account which were not suitable for the customer. Additionally, on March 7, 2017, a customer initiated investment related arbitration claim involving Marketos’ conduct was settled for $81,000.00 in damages based upon allegations that he over-concentrated the customer’s investment portfolio, made unsuitable investment recommendations, and effected stock and bond transactions without gaining the customer’s consent.
Marketos’ registration with Raymond James & Associates, Inc. was terminated on May 2, 2016. Since July 27, 2016, he has been registered with Cantella & Co., Inc.
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