Published on:

Michael Androulakis Faces Pending Complaint

Michael AndroulakisThe securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding New York-based Legend Securities broker Michael Androulakis (CRD# 2793638).

Michael Androulakis has spent fourteen years in the securities industry and has been registered with Legend Securities in New York, New York since 2010. He was previously registered with JP Turner & Company in Staten Island, New York (2001-2010). He is a registered broker with 32 US states and territories.

According to his BrokerCheck report, Michael Androulakis is the subject of two customer complaints and one pending customer complaint.

In November 2015 a customer filed a complaint against Michael Androulakis, while he was employed at Legend Securities, alleging “losses of over $50,000 on equity transaction.” The complaint settled for $50,000, to which Mr. Androulakis individually contributed $25,000.

In April 2015 a customer alleged Michael Androulakis, while employed at Legend Securities, “misappropriated funds, churned his account, breached the fiduciary duty owed to him, and was otherwise negligent.” The customer is seeking $134,350 in damages in the pending complaint.

In 2014 a customer filed a complaint against Michael Androulakis, while he was employed at Legend Securities, alleging a “misunderstanding regarding margin account.” The complaint settled in February 2015 for $20,000, to which Mr. Androulakis individually contributed $10,000.

If you have lost money investing with Michael Androulakis, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency, which means we only get paid if and when you collect money. You may have a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.