October 3, 2024

Andrew Melikidse Resigned From Osaic Following Customer Complaint

woman smiling at paper sitting in front of a computer monitor

Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Andrew Melikidse [CRD: 2353534, Studio City, California]. Melikidse worked for Osaic Wealth Inc. from September 1, 2023, to December 12, 2023, before his resignation. Prior to this, he worked for WM Financial Services Inc. and SagePoint Financial Inc. Below, investors can learn more about the client disputes and allegations involving Melikidse.

Osaic Wealth Inc. Ends Employment Relationship With Andrew Melikidse for Alleged Policy Violations

On December 7, 2023, Osaic Wealth Inc. permitted Andrew Melikidse to resign, citing allegations that he failed to timely blotter transactions, a violation of the firm's procedures and policies.

SagePoint Financial Inc. FINRA Arbitration Claim Alleged Unsuitable BDCs, REITs

On June 22, 2022, a client initiated FINRA Arbitration No. 21-00868, accusing Andrew Melikidse of recommending unsuitable investments in business development companies (BDCs) and real estate investment trusts (REITs). This case settled, with the client receiving $75,000 in compensation.

WM Financial Services Inc. Client Complained About Annuities

On May 4, 2005, a client of WM Financial Services Inc. made a complaint about Andrew Melikidse, accusing him of unsuitable recommendations related to variable annuities. The case was settled with the client receiving $9,271.99 in damages.

Looking For More Information About Andrew Melikidse?

If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney. Melikidse and the brokerage firms he worked for deny accusations of sales practice violations. Soreide Law Group has experience representing investors throughout the country and handles cases on a contingency basis.

S H A R E   T H I S   P O S T

Recent Posts

May 23, 2026
David Joyce Of Carnes Capital Corporation Barred By FINRA Following Investigation

FINRA sanctioned securities broker David George Joyce [CRD: 2665998, Naples, Florida], based on publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. David Joyce worked for Carnes Capital Corporation from September 27, 2011, to May 24, 2024, where he served in supervisory and operational capacities, including as Chief Operating Officer until January 2024. […]

May 23, 2026
Frederick Cammarano Of Spartan Capital Securities Fined By FINRA For Failure To Supervise

FINRA sanctioned securities broker Frederick Joseph Cammarano III (also known as Freddy Cammarano) [CRD: 2277307, New York, New York], given the public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Cammarano worked for Spartan Capital Securities LLC from November 27, 2013, to December 31, 2024. Read on to learn more about allegations involving supervisory failures […]

May 23, 2026
James Ptacek Of LPL Financial LLC Fined By FINRA For Outside Business Activities

Investors apparently complained about securities broker James Robert Ptacek Jr. (also known as Jim Ptacek) [CRD: 1959049, Willoughby Hills, Ohio], given the disclosures located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Ptacek worked for LPL Financial LLC from February 14, 2018, to November 14, 2024. Investors are encouraged to continue reading to learn more about […]

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2025 Soreide Law Group, PLLC  |  All Rights Reserved