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Terry Tzagarakis Facing Million-Dollar Investor Disputes

Terry Tzagarakis (CRD #: 2796055), a formerly registered broker with Arive Capital Markets, is involved in a million-dollar investor dispute. This is according to his BrokerCheck record, accessed on April 19, 2022.

On December 10, 2021, an investor alleged that Terry Tzagarakis recommended unsuitable investments and executed an excessive number of transactions. The investor also alleged misrepresentation and unauthorized trading. The investor is seeking $1,240,169.28; the dispute is pending.

Terry Tzagarakis allegedly violated the following FINRA rules by his actions:

  • FINRA Rule 2111 requires brokers to only recommend investments that fit their needs. The number of transactions, as well as the type of transactions, must be suitable.
  • FINRA Rule 2020 prohibits investors from misrepresenting investments. Brokers must provide realistic projections for future growth and possible fees.
  • Unauthorized trading violates FINRA Rule 3260, which requires brokers to have written authorization before exercising discretion in an investor’s account.

There is a similar dispute from September 27, 2018. An investor alleged that Terry Tzagarakis recommended excessive investments and executed unauthorized trades. The investor is seeking $6,645,956; the dispute is pending.

Regulatory Action

On January 4, 2021, Terry Tzagarakis consented to the findings that failed to disclose outstanding tax liens.

FINRA fined the investor $5,000 and suspended him for three months. You can read a copy of the AWC here.

Tax Liens

From 2011 to 2017, Terry Tzagarakis was the subject of five tax liens. These liens totaled $242,638.26.

Background Information

Terry Tzagarakis has passed the following exams:

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

He has also worked with the following firms:

  • Arive Capital Markets (CRD #: 8060)
  • Worden Capital Management (CRD #: 148366)
  • Spartan Capital Securities (CRD #: 146251)
  • John Thomas Financial (CRD #: 40982)
  • Caldwell International Securities (CRD #: 104323)
  • Investors Capital Corp (CRD #: 30613)
  • Caldwell International Securities (CRD #: 104323)
  • P Turner &Company (CRD #: 43177)
  • Donald & Co. Securities (CRD #: 7776)

Kurta Law Can Help

If you worked with Terry Tzagarakis and you have concerns about your investments, please contact us today at 877-600-0098 or 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.