Dean John Kajouras, of New York, New York, a stockbroker with Fordham Financial Management, Inc., has been named in a customer initiated investment related arbitration claim on March 7, 2016, in which the customer requested $115,414.22 in damages based upon allegations that Kajouras made misrepresentations to the customer concerning investments, breached his contractual obligations, effected transactions which were not authorized or suitable, as well as overconcentrated and churned the customer’s account.
FINRA Public Disclsoure reveals that Kajouras has been named in seven other events concerning allegations of misconduct. Specifically, on February 1, 2013, a customer initiated investment related arbitration claim involving Kajouras’ conduct was settled for $86,842.89 in damages based upon allegations that Kajouras overconcentrated the customer’s assets in certain investments, and excessively traded in the customer’s account. On September 21, 2014, Kajouras was terminated from Spartan Capital Securities, LLC, based upon allegations that he did not abide by the firm’s agreement for charging customers with commissions and fees.
On October 21, 2014, a customer filed an arbitration action concerning Kajouras’ activities, in which the customer sought $220,000.00 in damages based upon allegations that Kajouras negligently managed the customer’s account, causing the customer to suffer investment losses. Subsequently, on March 4, 2015, a customer brought an investment related arbitration claim regarding Kajouras’ conduct, in which the customer requested $140,000.00 in damages based upon allegations that Kajouras mismanaged the customer’s account, and effected unauthorized trades.
Further, on April 6, 2015, a customer filed an arbitration claim concerning Kajouras’ actions, in which the customer demanded $275,000.00 in damages based on allegations that Kajouras failed to abide by the customer’s instructions, overconcentrated the customer’s funds, and made misrepresentations concerning investments. Additionally, on December 30, 2015, a customer brought an investment related arbitration action involving Kajouras’ misconduct, in which the customer requested $332,931.00 in damages.
On October 20, 2016, Kajouras was charged by the State of Massachusetts Securities Division in an Administrative Complaint alleging that a retiree’s investment portfolio had been concentrated in an unsuitable manner by Kajouras. Case No. E-2016-0085 (Oct. 20, 2016).
Since 1989, Kajouras has been associated with eleven different broker dealers, five of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
Guiliano Law Group
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