New York-based Aegis Capital broker Nicholas Tsikitas is the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Tsikitas (CRD# 2871712).
Nicholas Tsikitas has spent eighteen years in the securities industry and has been registered with Aegis Capital Corporation in Melville, New York since 2014. Previous registrations include JD Nicholas & Associates in Syosset, New York; American Capital Partners in Wantagh, New York; Trident Partners in Woodbury, New York; First Montauk Securities in Red Bank, New Jersey; and Comprehensive Capital Corporation in Great Neck, New York. He is a registered broker with 33 US states and territories.
According to his BrokerCheck report, Nicholas Tsikitas is the subject of three regulatory sanctions, two customer complaints, and one pending customer complaint.
- In 2014 a customer alleged Nicholas Tsikitas, while employed at JD Nicholas & Associates, churned the account, acted negligently, made unsuitable recommendations, over-concentrated investments, and failed to supervise. The customer is $851,988 in damages the pending complaint.
- In 2012 a customer alleged Nicholas Tsikitas, while employed at JD Nicholas & Associates, concentrated certain positions. The complaint settled in 2013 for $40,000.
- In 2011 the State of Connecticut censured Nicholas Tsikitas following allegations he caused the filing of certain documents “that were materially false or misleading.”
- In 2008 a customer alleged Nicholas Tsikitas, while employed at A&F Financial Securities, recommended unsuitable transactions. The complaint settled for $130,000.
- In 2004 a customer alleged Nicholas Tsikitas, while employed at Trident Partners, made fraudulent misrepresentations, engaged in churning, charged excessive commissions, engaged in fraudulent inducement, executed unsuitable trades, acted negligently, engaged in unjust enrichment, breached his contract, and breached federal securities law. The complaint settled for $1,000.
- In 2003 the State of Illinois revoked Nicholas Tsikitas’s registration following unspecified allegations.
- In 2003 the National Association of Securities Dealers (NASD) sanctioned Nicholas Tsikitas following allegations he executed unauthorized transactions while employed at First Montauk Securities. He was issued a fine of $7,500.
If you have lost money investing with Nicholas Tsikitas, you may be entitled to recoup 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 a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.
This article is based on publicly available information provided by FINRA on April 7, 2016.