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Investigation of Sagepoint Financial, Inc. Broker Andrew Melikidse

Posted on Monday, August 9th, 2021 at 6:37 pm    

Sagepoint Financial

Erez Law is interested in speaking with investors who may have suffered losses due to investments with Sagepoint Financial, Inc. broker Andrew Melikidse (CRD# 2353534). Melikidse has been registered with Sagepoint Financial, Inc. in Studio City, California since 2005. 

Melikidse has been the subject of two customer complaints between 2005 and 201, according to his CRD report. The most recent complaint is regarding: 

April 2021. “Customer alleges REIT and Business Development Company purchases were unsuitable.” The customer is seeking $350,000 in damages and the case is currently pending. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Sagepoint Financial, Inc. may be liable for investment or other losses suffered by Melikidse’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.