Efthimios Emmanouilidis, of Wellesley, Massachusetts, a stockbroker currently registered with Morgan Stanley, has been named in a customer initiated investment related arbitration claim on August 11, 2016, in which the customer requested $500,000.00 in damages based upon allegations that Emmanouilidis made misrepresentations to the customer concerning managed accounts.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Emmanouilidis has been identified in fourteen additional customer initiated investment related disputes containing allegations of Emmanouilidis’ misconduct while employed with Morgan Stanley, UBS Financial Services Inc., Equitable Financial Benefits, Inc., and AXA Advisors, LLC. Particularly, on October 18, 1996, a customer initiated investment related written complaint involving Emmanouilidis’ conduct was settled for $31,426.95 in damages based upon allegations that Emmanouilidis misrepresented the customer’s variable life insurance policy as a savings plan.
Additionally, between November 5, 2009, and November 21, 2011, nine customer initiated investment related disputes concerning Emmanouilidis’ activities were settled for a total of $811,100.00 in damages based upon allegations that Emmanouilidis made misrepresentations and omitted material facts to customers concerning the risk of Lehman Brothers structured notes which customers purchased and sustained losses from. Apparently, Emmanouilidis inaccurately stated to customers that the Lehman Brothers investments were guaranteed.
Additionally, on November 5, 2011, a customer initiated investment related arbitration claim involving Emmanouilidis’ conduct was settled for $100,000.00 in damages based upon allegations that Emmanouilidis breached his fiduciary duties, negligently handled the customer’s investment account, and made misrepresentations and omissions to the customer concerning the customer’s purchase of 5,000 units in LB 100% PPN Asian Currency Basket, a structured investment product.
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.
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
