Marinos Ballas of Melville, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Ballas was negligent and breached his fiduciary duties in connection with the recommendation and sale of alternative investments when Ballas was registered with Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-02715 (January 24, 2023).
This is not the first time that Ballas has been referenced in a customer initiated investment related dispute concerning Ballas’ conduct in the securities industry. FINRA Public Disclosure shows that Ballas is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Ballas was negligent, breached his fiduciary duties, made misrepresentations of material fact, breached a contract, and churned the customer’s account when Ballas was registered with Aegis Capital Corp. FINRA Arbitration No. 22-02221 (September 29, 2022).
Ballas has been registered with Aegis Capital Corp. as a stockbroker since February 19, 2010.
