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Nick Giallourakis- Former VSR Financial Broker-Discloses Customer Disputes-Clearwater, FL

Nick Giallourakis- Former VSR Financial Broker-Discloses Customer Disputes-Clearwater, FL

Nick Giallourakis- Former VSR Financial Broker-Discloses Customer Disputes-Clearwater, FL 150 150 Rex Securities Law

Clearwater, Florida

Former VSR Financial Services broker Nicholas M.  Giallourakis  discloses 3 prior final customer disputes on his FINRA records.

According to FINRA records in 2013 Giallourakis was named in a FINRA arbitration (#13-1526) by a customer alleging breach of fiduciary duty, misrepresentation and negligence in connection with an investment in promissory notes, limited partnership interests and real estate securities. That matter was settled for $180,000.

Nick Giallourakis  was registered with VSR Financial Services from  8/2004-6/2016. He is currently registered with Newbridge Securities. 

VSR Financial Services was fined $550,000 by the Financial Industry Regulatory Authority (FINRA) in May 2013 in connection with the sale of alternative investments. In their findings, FINRA criticised VSR Financial for recommending high concentration levels of alternative investments in customer accounts and for its lack of supervision over the use of consolidated reports prepared by brokers and provided to customers.

Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures. It may also include art, wine, antiques, coins or stamps. These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

If you have losses in an account with Nicholas M.  Giallourakis or VSR Financial Services, contact us to discuss how you may be able to recover damages for those losses .

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,  provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

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Florida-561 391 1900 

Texas-512-329-2870

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