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Andrew Melikidse of Sagepoint Financial Has 2 Customer Complaints for Alleged Broker Misconduct

Who is Andrew Melikidse of Sagepoint Financial?

Andrew Melikidse (CRD #2353534) who is currently registered with Sagepoint Financial and located in Studio City, CA is a subject of one of our many securities industry sales practice abuse investigations.

Prior to Sagepoint Financial, Andrew Melikidse was associated with SunAmerica Securities and 1 other investment advisory and brokerage firm with a history of customer complaints and securities industry regulatory problems.

Sagepoint Financial Broker Misconduct

In his/her career, Andrew Melikidse has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last two years to recover investment losses. One of Andrew Melikidse’s 2 customer complaints was settled in favor of investors. One of the customer’s complaints was denied and the customers did not take any further action.

Allegations Against Andrew Melikidse

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • The customer alleges REIT and Business Development Company purchases were unsuitable.
  • Clients allege the investment product recommended by the financial consultant was unsuitable due to the client’s need for liquidity. The investment was purchased on January 30, 2004.

Andrew Melikidse Red Flags & Your Rights as An Investor

Of course, Andrew Melikidse did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags that should put all current and former customers of Andrew Melikidse at Sagepoint Financial alert to review carefully the activity and performance of their accounts and question whether Andrew Melikidse has engaged in any stockbroker misconduct that may have caused them investment losses.

There have been a large number of customer complaints at Sagepoint Financial which also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses at Sagepoint Financial

If you have questions about Sagepoint Financial and/or Andrew Melikidse and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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