DID PANAGIOTIS PETER ERMOGENOUS CAUSE YOU INVESTMENT LOSSES?
Panagiotis Ermogenous Of Santander Securities LLC And Formerly With Wells Fargo Clearing Services, LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About Panagiotis Ermogenous Of Santander Securities LLC?
Panagiotis Ermogenous (CRD #5257901) currently serves as a registered broker with Santander Securities in Great Neck, New York, and Garden City, New York, since January 2023. Over his career, Ermogenous has been registered with multiple firms across four U.S. states and territories. He has successfully passed three general industry/product exams and two multi-state securities law exams, indicating a robust foundation in securities knowledge and regulation compliance. His extensive career history includes associations with Wells Fargo Clearing Services, Citigroup Global Markets Inc., and several other financial firms, showcasing a broad and varied experience in the financial services industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Panagiotis Ermogenous Customer Complaints and Reviews
Panagiotis Peter Ermogenous has been involved in three customer disputes:
- Customer Dispute 1 (Settled): Originating from his tenure at Aegis Capital Corp, a client alleged poor performance of equity listed investments, leading to a settlement of $60,000 in May 2022. No sales practice violations were alleged.
- Customer Dispute 2 (Settled): Filed in March 2020 with allegations including unsuitability, breach of contract, and breach of fiduciary duty, this dispute was settled in February 2022 for $90,628.50.
- Customer Dispute 3 (Settled): Occurring during his time at Prestige Financial Center Inc, this 2010 dispute involved allegations of misrepresenting the characteristics and risks of an ETF, failure to execute a stop-loss order, and misuse of margin. It was settled in July 2011 for $2,000, with Ermogenous personally contributing the full settlement amount.
Allegations Against Panagiotis Ermogenous
The disputes involving Panagiotis Peter Ermogenous encompass several serious allegations:
- Poor Portfolio Performance: A client expressed dissatisfaction with the overall performance of their investment portfolio, leading to a financial settlement.
- Unsuitability and Breach of Fiduciary Duty: Ermogenous faced claims of recommending unsuitable investment strategies that did not align with the client’s financial objectives or risk tolerance.
- Misrepresentation and Execution Failures: In one case, the broker was accused of misrepresenting investment products and failing to follow through on critical trading orders, specifically a stop-loss order, which could potentially mitigate losses. This case also highlighted the issue of inappropriate margin use.
Panagiotis Ermogenous Red Flags & Your Rights As An Investor
Of course, Panagiotis Ermogenous 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 which should put all current and former customers of Panagiotis Ermogenous at Santander Securities LLC and Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Panagiotis Ermogenous has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Santander Securities LLC and Wells Fargo Clearing Services, LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Santander Securities LLC Due To Panagiotis Ermogenous
If you have questions about Santander Securities LLC, Wells Fargo Clearing Services, LLC and/or Panagiotis Ermogenous 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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