Investor Seeks $2.5 Million in Dispute with Krikor Demirjian

Krikor Demirjian (CRD #: 4212275), a broker registered with Vanderbilt Securities, is facing allegations of unsuitable investment recommendations, according to his BrokerCheck record, accessed on August 2, 2025. Investors may have also worked with him through Vanderbilt Advisory Services. You can find more information below about his alleged conduct as a broker.

Investor Disputes

On April 28, 2025, an investor alleged that Krikor Demirjian made a misleading and unsuitable investment recommendation. They seek $2.5 million in damages in this pending dispute.

In a dispute filed on January 3, 2024, an investor alleged that Krikor Demirjian recommended an unsuitable investment. This dispute was settled for $125,000.

On December 29, 2021, two investors named Krikor Demirjian in a complaint alleging failure to supervise, breach of contract, violation of the suitability rule, and violation of the following rules and regulations:

• Section 10(b) of the Securities Exchange Act of 1934
• The California Securities Act
• FINRA Rules 2090 and 2010

These allegations were made in relation to non-traded real estate investment trusts (REITs) and trusts, including the following:

• Hospitality Investors Trust
• BSP Realty Trust
• Benefit Street Partners Realty Trust
• American Finance Trust
• ARC Global Trust II
• Health Care Trust
• FS Global Credit Opportunity Fund
• American Realty Capital Hospitality Trust
• Sierra Income Corp Fund

The dispute was settled outside arbitration for $108,500. You can read the arbitration award here.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must use the information in an investor’s profile, such as their investing experience, tax status, age, and risk tolerance when making recommendations.

Investors who rely on brokers for recommendations may be able to recover their losses through FINRA arbitration.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish systems of supervision over their employees in order to detect and prevent violations of securities regulations. Among other things, firms must appoint supervisors and ensure that they have adequate training or experience.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 2090

FINRA Rule 2090 requires firms to obtain and keep certain essential facts about their clients and the individuals authorized to act on their behalf.

Securities Exchange Act of 1934

Section 10(b) of the Securities Exchange Act of 1934 prohibits manipulative, deceptive, and otherwise fraudulent activities relating to the securities business.

Background Information

Krikor Demirjian has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Krikor Demirjian is currently registered as a broker and investment advisor in California.

He has worked for the following firms:

• Western International Securities (CRD#:39262) 
• Financial West Group (CRD #:16668)
• Linsco/Private Ledger Corp. (CRD #:6413)
• WM Financial Services, Inc. (CRD #:599)
• American Express Financial Advisors Inc. (CRD #:6363)
• IDS Life Insurance Company (CRD #:6321)
• Pruco Securities Corporation (CRD #:5685)

Kurta Law Can Help

If you worked with Krikor Demirjian and 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 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.