Did you lose money investing with former Arive Capital Markets broker Giasamis Sideris (CRD# 2416713)? He was registered with Arive Capital Markets in Brooklyn, New York, from 2015 to 2022.
In June 2004, he was sanctioned by the state of Vermont and sanctioned to pay a monetary fine of $20,0000 and costs of $5,000 related to allegations of “failure to supervise.”
Giasamis Sideris Customer Complaints
He has been the subject of two customer complaints between 2020 and 2022, according to his CRD report:
November 2022. “Failure to Supervise.” The customer is seeking $453,406.47 in damages, and the case is currently pending. The complaint was regarding equity OTC.
September 2020. “Failure to supervise.” The customer sought $112,426 in damages, and the case was settled for $36,000. The complaint was regarding common and preferred stocks.
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, Arive Capital Markets may be liable for investment or other losses suffered by Giasamis Sideris’ 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.
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