Investor Alleges Dimitri Rassias Recommended Unsuitable Variable Annuity
Dimitri Rassias (CRD #: 5709989), a broker registered with UBS Financial Services, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on April 21, 2023. Read on if you have questions about his alleged conduct as a broker.
On March 8, 2023, an investor filed a dispute alleging that Dimitri Rassias gave unsuitable recommendations of a variable annuity and other investments. This dispute is currently pending.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. When recommending investments, brokers must consider the information in the investor’s profile, such as their age, tax status, and overall financial situation.
Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.
What are Variable Annuities?
Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.
Dimitri Rassias has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- Series 7TO – General Securities Representative Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Dimitri Rassias is a registered broker and a registered investment adviser in New Jersey.
He has also worked for the following firms:
- Equitable Advisors (CRD#:6627)
- J.P. Morgan Securities (CRD#:79)
- Jeffries (CRD#:2347)
Kurta Law Can Help
If you worked with Dimitri Rassias and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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 and 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.