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

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Guiliano Law Group

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