Richard Demetriou Investigation
November 2021-Addison, Texas
According to publicly available records Richard Wayne Demetriou, a former stockbroker who last worked for Titan Securities discloses a regulatory event, three customer disputes and a tax lien.
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 7/2021 FINRA permanently barred Demetriou from the industry.
In 5/2014 in FINRA case #14-01386, a customer of Private Consulting Group/ Wealth Advisors/ Wealth Concepts alleged unsuitable investments from 1999-2007. The case settled for $120,000.
In 7/2008, customers of Private Wealth Consulting Group alleged wrongful acts and the case settled for $75,000 in 2/2008..
In 6/2021, in FINRA case #21-01413, a customer of alleges an over concentration in REITs and is seeking an unspecified amount of damages. The case is currently pending.
In 6/2016, the U.S. Treasury filed a tax lien in the amount of $315,908 against Demetriou.
Demetriou was employed by Titan Securities from 4/2009-6/2021. Prior to that he was employed by Private Consulting Group, Inc.
If you have losses in an investment account handled by Richard Wayne Demetriou, call to learn how you may be able to recover damages through FINRA arbitration.
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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