DID JOHN SPYRO DEMERTZIS CAUSE YOU INVESTMENT LOSSES?
John Demertzis Of LPL Financial LLC Has 4 Customer Complaints For Alleged Broker Misconduct
About John Demertzis of LPL Financial LLC?
John Demertzis (CRD #2690132) is currently employed by LPL Financial LLC in East Setauket, New York, where he has been registered since November 2010. Over his career, Demertzis has been associated with multiple firms, including Chase Investment Services Corp. and HSBC Securities (USA) Inc., indicating a seasoned background in the financial services industry. He is licensed in 17 U.S. states and territories and is registered with one Self-Regulatory Organization (SRO). Demertzis has completed a robust set of qualifications, passing 2 Principal/Supervisory Exams, 3 General Industry/Product Exams, and 2 Multi-State Securities Law Exams, reflecting a well-rounded knowledge base in securities and financial advisory services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
John Demertzis Customer Complaints and Reviews
John Demertzis has several disclosed customer disputes in his BrokerCheck report:
- Settled Dispute (October 2001): A complaint was filed alleging that Demertzis recommended an unapproved investment and misrepresented an annuity product as being guaranteed against principal loss. The dispute was settled for $14,000, with Demertzis contributing $7,000.
- Closed-No Action (March 2000): Another dispute involved claims of misleading information regarding the liquidity and risk of mutual fund investments. This complaint was denied without any action taken against Demertzis.
- Pending Dispute (May 2024): Demertzis faces allegations regarding a real estate security investment made in 2014, claimed to be unsuitable for the customer’s objectives. The damage amount is pending, but the complaint notes damages could exceed $5,000.
Allegations Against John Demertzis
- Unapproved Investment Recommendations (October 2001): It was alleged that Demertzis recommended investments that were not approved by his firm and misrepresented the terms of an annuity product, leading to a financial settlement.
- Misrepresentation of Investment Terms (March 2000): Demertzis was accused of falsely assuring a client about the non-existent safety and liquidity of a mutual fund investment, which was ultimately denied and closed without action.
- Unsuitable Real Estate Security Investment (May 2024): Currently under dispute, it is alleged that Demertzis recommended a real estate investment that did not align with the client’s risk tolerance and investment objectives.
- Unsuitable Alternative Investments (July 2023): Demertzis is accused of recommending alternative investments that did not fit the client’s risk profile, involving significant potential financial damages.
John Demertzis Red Flags & Your Rights As An Investor
Of course, John Demertzis 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 John Demertzis at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether John Demertzis has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial 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 LPL Financial LLC Due To John Demertzis
If you have questions about LPL Financial LLC and/or John Demertzis 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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