May 2020-Houston, TX
According to publicly available records Thomas J. Lykos, Jr. a stockbroker who was last employed by Sanders Morris Harris discloses a regulatory event and two outstanding judgment liens.
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.
According to FINRA case #2018059510201 Lykos was named a respondent in a FINRA complaint alleging that he engaged in unethical conduct while taking the Series 24 qualification examination for a third time. The complaint alleges “that during the exam, Lykos wrote on his hand and driver’s license while viewing examination questions. Lykos then took a nearly 30-minute unscheduled break, during which he left the testing center premises in violation of FINRA’s rules of conduct. After the break, Lykos attempted to bring a business card with handwritten notes on it into the examination testing room, but was thwarted by a testing center employee. Lykos then returned to the testing room and revisited several of the questions that he had been viewing while writing on his hand and driver’s license. Lykos changed his answers to two questions. Lykos engaged in such conduct after acknowledging and agreeing to follow FINRA’s rules of conduct applicable to qualification examinations, which, among other things, prohibit leaving the testing center during any breaks, prohibit the removal of any test center material through any means, prohibit the capturing of examination content, and prohibit seeking assistance in answering examination questions.”
According to the FINRA regulator Lykos tried to conceal his misconduct from exam proctors by licking and rubbing his driver’s license to smear the writing and by obstructing their investigation.
Lykos was employed with Sanders Morris Harris from February 2018 until May 2019. Before that time he was with Commerce Street Capital.
If you had an account with Thomas Lykos, Jr. that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.
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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