August 2016- Manlius, NY
The FINRA records of George P. Koulouris , a stock broker who is currently employed by KCD Financial, Inc. disclose a prior regulatory event, 6 prior customer disputes, one currently pending customer dispute and a termination.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In the currently pending FINRA Case# 15-01946 a customer of Koulouris’ prior employer, Ridgeway & Conger, alleges that he was not an accredited investor and that certain private placements purchased through Ridgeway & Conger and Pinnacle Investments were not suitable. No specific damages are pleaded.
The prior customer disputes include:
- FINRA Case 13-01507, in which a customer of Ridgeway & Conger and Pinnacle Investments alleged damages of $551,434 for violations of suitability standards and other claims. An arbitration panel awarded $258,000 against Koulouris‘ member firm.
In 2/2009 Koulouris was discharged from Pinnacle Investments who made the following allegations: “Client alleged that broker, George Koulouris, made an unsuitable recommendation regarding the purchase of New Visions Powerline Communications, Inc., an investment that allowed only accredited investors.
Koulouris has been employed by KCD Investments since 6/2014. Prior to that he was employed by Ridgeway & Conger from 3/2009-11/2013.
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