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Billy Takos Allegedly Gave Unsuitable Investment Advice

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
September 11, 2025 at 7:43pm

Billy Takos (CRD #: 2500839), a broker registered with Dominari Securities, is the subject of a pending investor dispute, according to his BrokerCheck record, accessed on August 17, 2025. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On July 11, 2025, an investor alleged that Bill Takos gave unsuitable investment advice, made misrepresentations, and violated FINRA Rules with regard to an investment. The client seeks $200,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account the information described in an investor’s profile, such as their risk tolerance, age, tax status, and overall financial situation.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. Misrepresenting or omitting information about an investment’s requirements, limitations, risks, or potential returns violates this rule.

Background Information

Billy Takos has passed the following exams:

  • General Securities Principal Examination – Series 24
  • Securities Industry Essentials Examination – SIE
  • General Securities Representative Examination – Series 7
  • Uniform Securities Agent State Law Examination – Series 63

Billy Takos is a registered broker in 19 states.

He has also worked for the following firms:

  • Aegis Capital Corporation (CRD#:15007)
  • National Securities Corporation (CRD#:7569)
  • First Montauk Securities Corporation (CRD#:13755) 
  • The Concord Equity Group (CRD#:14569)
  • Josephthal & Company (CRD#:3227) 
  • Oscar Gruss & Son (CRD#:2091)
  • Continental Broker-Dealer Corporation (CRD#:14048) 

Kurta Law Can Help

If you worked with Billy Takos and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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