Attorney Sean Sweeney with the Securities Lawyers is looking into potential claims regarding Demitrios Hallas. He was registered with PHX Financial, Inc. in 2015, Forefront Capital Markets, LLC in 2014 and 2015, Santander Securities, LLC in 2013 and 2014, and Aegis Capital Corp. in 2012 and 2013. According to public records SEC has accused Hallas of “repeatedly traded unsuitable investments in his customers’ accounts, exposing customers who were unsophisticated with limited or no investing experience and modest incomes, net worth levels, and assets to a significant degree of volatility and risk. In a little more than a year, Hallas allegedly traded 179 daily leveraged exchange traded funds (ETFs) and exchange traded notes (ETNs) – products that the SEC alleges are inherently risky, complex and volatile, and only appropriate for sophisticated investors – in the customers’ accounts” (SEC Press Release 2017-85).
If you were a client of Demitrios Hallas lost money in your account, we are interested in discussing a potential claim with you. Brokerage firms like PHX Financial, Inc, Forefront Capital Markets, LLC, Santander Securities, LLC, and Aegis Capital Corp. have a responsibility to supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. The brokerage firm is not only legally responsible for the acts of its agents, like Demitrios Hallas, the brokerage firm may also be liable for investment losses sustained by customers for a failure to supervise.Attorney Sweeney and the other Securities Lawyers at Halling & Cayo have recovered millions of dollars for investors across the country. Reviewing FINRA’s Broker Check, there have been several complaints against Demitrios Hallas and his license was suspended in 2016.
The market has gained an average of more than 7% returns over the last 5 years and yet some investors, put into overly risking trading strategies, despite promises of guaranteed returns, have lost significant sums. Halling & Cayo S.C. is researching bringing claims on behalf of individual(s) and/or a group of investors for recovery of their funds. Most customers will have signed a FINRA arbitration agreement to resolve disputes, including claims for reimbursement of these types of investment losses. As the SEC reminds investors, it can be important to find an attorney that “specializes in resolving securities complaints.”
If you were a customer of Demitrios Hallas and suffered investment losses, please contact Attorney Sean M. Sweeney at 414-755-5020 or firstname.lastname@example.org. We only get paid if we recover your money . Your claim may be subject to a time limit or statute of limitations, so contact an attorney right away.