There are options for clients of LPL Financial LLC broker Nicholas Photiadis (CRD# 2978120), who is accused of unsuitable investment recommendations. He has been registered with LPL Financial LLC in Paramus, New Jersey, since 2011.
Nicholas Photiadis Customer Complaints
He has been the subject of five customer complaints between 2009 and 2026, according to his CRD report. The most recent complaints were regarding:
January 2026. “Customer alleges that an investment made in December of 2019 was unsuitable for the customer’s investment objectives and risk tolerance.” The customer is seeking $288,000 in damages, and the case is currently pending. The complaint was regarding real estate investment trust (REIT) losses.
March 2022. “Claimant alleges that his beneficial share of funds from a friend’s account were less than they should have been due to representative’s recommendation that his friend invest in alternative investments which were allegedly unsuitable for the friend’s investment objectives. Activity period 2011-2019.” The customer sought $99,999.99 in damages, and the case was settled for $9,999. The complaint was regarding real estate security losses.
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, LPL Financial LLC may be liable for investment or other losses suffered by Nicholas Photiadis’ 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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