Dimitrios Aivaliotis (also known as Jim Aivaliotis and as Jimmy Aivaliotis) of Melville New York a stockbroker formerly registered with SW Financial is referenced in a customer initiated investment related arbitration claim which was resolved for $14,999.00 in damages supported by allegations that (1) trades were effected without authorization (2) contractual obligations had been violated (3) stock transactions were unsuitable and inappropriate (4) the customer’s account was handled in a negligent manner and (5) the customer’s account was churned when Aivaliotis was associated with SW Financial. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01055 (June 26, 2019).
FINRA Public Disclosure confirms that Aivaliotis has been identified in two more customer initiated investment related disputes containing accusations of his violative conduct while employed with Ehrenkrantz King Nussbaum Inc. and Newbridge Securities Corporation. Specifically, Aivaliotis was named in a customer initiated investment related arbitration claim in which the customer was awarded $18,896.00 in damages based upon Aivaliotis having been found liable on the customer’s claims which included that Aivaliotis disregarded the customer’s investment instructions; and the stockbroker negligently transacted, or failed to transact, in the customer’s account during the time that he was employed by Ehrenkrantz King Nussbaum Inc.
Also, a customer initiated investment related arbitration claim involving Aivaliotis’ activities was settled for $27,500.00 in damages founded on allegations that Newbridge Securities Corporation failed to supervise Aivaliotis’ activities; the customer’s investment portfolio had been overconcentrated in aggressive and unsuitable stock positions; transactions were effected in violation of California Securities Act; and fiduciary and contractual obligations to the customer had been breached during the period in which Aivaliotis was associated with Newbridge Securities Corporation. FINRA Arbitration No. 16-01684 (June 28, 2017).
FINRA Public Disclosure additionally reveals that Aivaliotis has been employed by six different securities broker dealers, including Avenir Financial Group, Brookville Capital Partners and Hunter Scott Financial LLC, which have either been expelled by regulators for violation of federal securities laws or are otherwise defunct. Aivaliotis’ registration with SW Financial has been terminated as of June 24, 2019. Since May 8, 2019, he has been associated with Pinnacle Investments LLC.
