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Nicholas Tsikitas Allegedly Recommended Unsuitable Investments

Nicholas Tsikitas (CRD #: 2871712), a broker registered with Aegis Capital Corp., is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 19, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On June 25, 2024, investors alleged that Nicholas Tsikitas recommended unsuitable investments. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. This rule also prohibits overconcentration, as placing too much of a portfolio in a single sector exposes the investor to unnecessary risk. 

Background Information 

Nicholas Tsikitas has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 24 General Securities Representative Examination 

He is a registered broker in 27 states. 

Nicholas Tsikitas has registered with the following firms: 

  • Aegis Capital Corp (CRD #: 15007) 
  • J.D. Nicholas & Associates (CRD #: 44791) 
  • American Capital Partners (CRD #: 119249) 
  • Trident Partners LTD. (CRD #: 41258) 
  • First Montauk Securities (CRD #: 13755) 
  • Comprehensive Capital Corp. (CRD #: 6215) 

Kurta Law Can Help 

If you worked with Nicholas Tsikitas and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.

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