George P. Koulouris, of Manilus, New York, a stockbroker registered with KCD Financial, Inc., is subject to a pending customer dispute from August 10, 2015, in which a customer alleged that purchases made via Manilus in private placement investments were not suitable for the customer.
Public disclosure records also reveal that Koulouris has been subject to eight other incidents. On April 1, 2000, a customer lodged a complaint against Koulouris, in which the customer requested $26,000.00 in damages after alleging that Koulouris engaged in trading in the customer’s account despite not having the requisite authorization for doing so.
On January 19, 2001, Koulouris was named in a customer dispute in which a customer alleged that poor investments were selected in the customer’s account. On October 17, 2002, Koulouris settled a customer dispute for $70,000.00 after a customer alleged that investments purchased for the account’s account were unsuitable.
On January 7, 2003, a customer lodged a complaint against Koulouris, requesting $3,000,000.00 in damages per allegations of poor performance and misrepresentation. On January 14, 2009, Koulouris settled a customer dispute for $30,000.00 after the customer complained about a private placement transaction.
On February 13, 2009, Koulouris was terminated from Pinnacle Investments, LLC, amid allegations that Koulouris made unsuitable recommendations to a customer regarding an investment in New Visions Powerline Communications, Inc. On May 22, 2013, a customer received a judgment against Koulouris after claiming that Koulouris made unsuitable recommendations, committed breach of contract, negligence, and made misrepresentations in connection with private placement securities purchases.
On December 30, 2013, Koulouris was fined $5,000.00 and suspended by Financial Industry Regulatory Authority (FINRA) after consenting to findings that while he was associated with Ridgeway & Conger, Inc., he engaged in unauthorized outside business activities without providing his firm with written notice beforehand. Letter of Acceptance, Waiver and Consent, No. 2012032867301 (Dec. 30, 2013). FINRA found that Koulouris violated FINRA Rules 2010 and NASD Conduct Rule 3030 after finding that he received compensation in connection with consulting services that he provided for an entity, when such work was performed outside the auspices of his firm.
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.
