Terry Rakis – Financial Advisor/Broker Suspended from Securities Industry | Recover Investment Losses

Terry Rakis – Financial Advisor/Broker Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Terry Rakis a/k/a Terry Tzagarakis CRD #2796055

Terry Rakis a/k/a Terry Tzagarakis is a previously licensed financial advisor with Spartan Capital Securities, Arive Capital Markets, and Worden Capital Management LLC.

According to FINRA, Terry Rakis was fined $10,000 and suspended from the securities industry for five months in January 2021.

According to FINRA Allegations:

Tzagarakis consented to the sanctions and to the entry of findings that he willfully failed to timely amend his Form U4 to disclose outstanding federal tax liens, and an outstanding New York State tax lien. The findings stated that one of the federal tax liens was disclosed approximately five months late, while the other federal and state tax liens were disclosed approximately two years after being filed.

Customer Dispute 9/27/18: Allegations of Churning, most investments were not suitable and most were not authorized. This customer dispute is pending and seeks $6,645,956 in damages.

Goodman & Nekvasil, P.A. May Recover Investor Losses:

If you lost money on investments with Terry Rakis and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Terry Rakis’ conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $200 million on behalf of victimized investors. If you lost money on investments with Terry Rakis and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.

Some of the information in this blog post was obtained on 10/6/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.

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