Investors Allege Dimitry Tikhinov Recommended Unsuitable Alternative Investments
Dimitry Tikhonov (CRD #: 5451809), a broker registered with Madison Avenue Securities, is alleged to have recommended unsuitable alternative investments, according to his BrokerCheck record, accessed on May 6, 2022. Keep reading to learn more about Dimitry Tikhonov’s conduct as a broker.
On March 17, 2022, an investor alleged that Dimitry Tikhonov unsuitably recommended alternative investments. The Broker comment section identifies these investments as fixed index annuities and direct participation programs. The dispute is pending.
Another dispute, filed on August 26, 2013, alleges that Madison Avenue Securities, vicariously through Dimitry Tikhonov, engaged in negligence, fraud, and breach of contract in connection with the sale of alternative investments.
The investor alleges that the investments in Behringer Harvard REIT I and Adageo Petrobonds were, at the time of filing, worth only 18% and 0% of the original purchase price.
Dimitry Tikhonov was not named as a direct respondent in this dispute, as it took place between the client and the firm. The client received a $61,425 settlement.
FINRA Rule 2111
FINRA Rule 2111 requires that investment recommendations suit investors’ profiles. When recommending investments, brokers must take into account an investor’s financial goals, age, tax status, and other information compiled in an investor’s profile.
Investors can pursue FINRA arbitration to recoup losses caused by unsuitable investment recommendations.
FINRA Rule 2020
FINRA Rule 2020 bans the use of deception, manipulation, and other unethical tactics to influence the purchase and sale of securities.
What qualifies as broker negligence?
Many behaviors can qualify as negligent, including providing unsuitable investment recommendations and misrepresenting investments. Investors can pursue FINRA arbitration to recover losses caused by broker negligence.
Dimitry Tikhonov has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Dimitry Tikhonov is a registered broker in 17 states and a registered investment adviser in California and Texas.
In the past, he has also worked for Madison Avenue Advisors.
Kurta Law Can Help
If you worked with Dimitry Tikhonov and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.