Dimitry Tikhonov (CRD #5451809) Has 4 Customer Dispute Disclosures on FINRA BrokerCheck

Dimitry Tikhonov (CRD #5451809) is a broker with customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 23, 2026. It reflects four customer dispute disclosures. If you invested with Dimitry Tikhonov and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Dimitry Tikhonov’s FINRA BrokerCheck Report reflects four customer dispute disclosures. Two examples are summarized below. Two additional customer dispute disclosures also appear on the report.

On February 24, 2026, a customer alleged unsuitable recommendations involving direct investments and a real estate security. Dimitry Tikhonov’s FINRA BrokerCheck says the alleged activity occurred between September 2013 and November 2025 and lists alleged damages of $340,000. BrokerCheck shows the matter is pending. Tikhonov’s statement says the investments matched the client’s profile, objectives, and risk tolerance, and that the risks were disclosed.

On October 17, 2024, a customer alleged unsuitable recommendations of alternative investments. Dimitry Tikhonov’s FINRA BrokerCheck lists alleged damages of $400,000 and shows the matter was filed in FINRA arbitration. The report shows the dispute settled on November 25, 2025, for $15,000, with no individual contribution listed for Tikhonov.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 (Suitability) requires a broker to have a reasonable basis for a recommendation and to match it to the customer’s investment profile. Claims about unsuitable alternative investments often raise questions about risk tolerance, liquidity needs, and time horizon.

Rule Summary #2: FINRA Rule 2310 (Direct Participation Programs)

FINRA Rule 2310 (Direct Participation Programs) addresses suitability and disclosure duties for direct participation programs. That can matter when investors are placed into illiquid products with higher risk and limited liquidity.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Dimitry Tikhonov:

Is currently registered with Madison Avenue Securities, LLC.

Has passed the Securities Industry Essentials (SIE) exam. Dimitry Tikhonov has also passed Series 7 and Series 66.

Was previously registered with Madison Avenue Advisors, Inc.

Kurta Law Can Help

If you have worked with Dimitry Tikhonov and you have concerns about your account, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. The firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.