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Nicholas Manolakis Allegedly Misled Investors Regarding Discretionary Trading

By: kurtablogs Author
November 26, 2025 at 2:55am

Nicholas Manolakis (CRD #: 6982544), a broker registered with MML Investors Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on November 25, 2025. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations

On August 6, 2025, an investor alleged that Nicholas Manolakis misled them into believing that he had discretionary trading authority in their account, when they were instead placed into an account that trades without Nicholas Manolakis’s involvement. The investor alleged that this led to losses.

The dispute was denied, but investors should know that firms can deny disputes without any external review. Investors can still recover funds following a denial.

Misrepresentation

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions.

High Standards of Commercial Honor

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 also violate this rule.

Background Information

Nicholas Manolakis has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination

He is a registered broker in 14 states and is a registered investment adviser in Texas.

Kurta Law Can Help

If you worked with Nicholas Manolakis 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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