John Demertzis Has An Investor Complaint – May Recover Investor Losses

John Demertzis Has An Investor Complaint – Goodman & Nekvasil, P.A., May Recover Investor Losses

John Demertzis  has an investor complaint pending for $700,000 in alleged damages.

East Setauket financial advisor John Demertzis (CRD# 2690132) recently received an investor complaint alleging his advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with LPL Financial, having previously been registered with Chase Investment Services.


Frank Kuiper Investigation

John Demertzis Investigation

Mr. Demertzis’ BrokerCheck report discloses multiple investor complaints. The most recent, filed in July 2023, alleges that as a representative of LPL Financial, he made unsuitable investment recommendations involving real estate securities. The pending complaint alleges damages of $700,000.

An earlier investor complaint, filed in 2001, alleged that as a Citicorp Investment Services representative, he recommended an unapproved variable annuity product. The complaint reached a settlement of $14,000.

Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to its clients.    

St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors.  The  firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.

Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.  We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.

There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.

If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained from FINRA on 10/19/23. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.

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