Dimitrios Aivaliotis of Melville New York a stockbroker currently employed by SW Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $44,000.00 in damages supported by accusations that (1) contractual obligations to the customers had been breached (2) unauthorized trades had been effected (3) transactions were not suitable for the customers (4) accounts were serviced in a negligent manner and (5) the customers’ equity portfolios were churned. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01055 (Apr. 3, 2018).

FINRA Public Disclosure confirms that Aivaliotis has been identified in two additional customer initiated investment related disputes containing allegations of his violative conduct during the period that he was registered with Ehrenkrantz King Nussbaum Inc. and Newbridge Securities Corporation.

Particularly, Aivaliotis was subject of a customer initiated investment related arbitration claim where the customer was awarded $18,896.00 in damages based on Aivaliotis being found liable on the customer’s claims that he did not place a stop-loss order on the customer’s equity account, failed to abide by the customer’s instructions and negligently handled the customer’s transactions concerning shares of Coventry Health Care. National Association of Securities Dealers (NASD) Arbitration No. 02-06046 (Feb. 25, 2004).

Thereafter, a customer initiated investment related arbitration claim concerning Aivaliotis’ conduct was resolved for $27,500.00 in damages founded on accusations including violation of California Securities Act, negligent hiring, negligent supervision, common law fraud, breach of contract, breach of fiduciary duty, and overconcentration of the customer’s assets in equity investments. FINRA Arbitration No. 16-01684 (June 28, 2017).

Aivaliotis has been employed by SW Financial since May 9, 2016. Since September 1, 1999, Aivaliotis has been registered with sixteen broker dealers, twelve of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.  #cockroach

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer

Guiliano Law Group

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website