The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker Christos Kalatoudis. Accourding to his publicly available FINRA BrokerCheck report, Christos Kalatoudis has been the subject of multiple customer disputes.

Christos Kalatoudis was a New York based securities broker. He worked in the securities industry for ten years. During his career, he was registered with seven different securities firms.

His Registrations

  • Ehrenkrantz King Nussbaum, Inc. (2004-2005)
  • S.W. Bach & Company (2005)
  • Joseph Gunnar & Co. (2006-2007)
  • John Thomas Financial (2007-2013)
  • National Securities Corporation (2013)
  • Worden Capital Management (2013-2016)

The Allegations

  • In June 2009, a customer alleged that Christos Kalatoudis breached contract, engaged in unjust enrichment, handled their account with gross negligence, breached his fiduciary duty, and violated Texas Securities and Fraud Statutes. This case was settled for $42,000 in damages.
  • In April 2015, a customer alleged that Christos Kalatoudis breached his fiduciary duty, handled their account negligently, engaged in fraud, and breached contract. This case went to arbitration where the customer was awarded $180,784 in damages.
  • Christos Kalatoudis was barred by FINRA in April 2016 after allegedly failing to comply with their request for information.

What Does This Mean?

When a securities broker and investor begin their professional relationship they always have a contract in place to protect both parties should one of the parties default. When a securities broker acts outside the scope of what the contract permits, they have breached said contract and are now liable for any losses that occurred due to said breach.

Oakes & Fosher Can Help

Many Investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Christos Kalatoudis, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.