September 2019 -Melville, New York
According to publicly available records Apostolos Nicolas Pitsironis (also known as Paul Pitsironis) , discloses that he was recently barred from the securities industry for taking money from a customer of his former firm, Janney Montgomery Scott.
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 9/2019, FINRA barred Pitsironis from the securities industry to resolve allegations that he converted $411,000 in customer funds by electronically transmitting cash from the customer’s account at Janney Montgomery to a bank account he controlled, without the customer’s knowledge or consent.
Janney Montgomery Scott reimbursed the customer for the stolen funds and fired Pitsironis in June 2019. Pitsironis had worked for Janney Montgomery Scott since 12/2018. He previously worked for Wells Fargo Clearing Services 5/2012-12/2018.
If you had an account handled by Apostolos (Paul) Pitsironis that you believe was mishandled, contact us 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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