CONSTANTINOS GEORGE MANIATIS (CONSTANTINOS G MANIATIS) CRD#: 4253356, formerly with Morgan Stanley, was fined $5,000 and suspended for 30 days by FINRA.
Without admitting or denying FINRA’s findings, CONSTANTINOS G MANIATIS consented to the sanctions and to the entry of findings that he allegedly exercised discretion in client accounts despite the fact that his member firm no longer permitted such discretionary trading.
According to FINRA’s findings, although the firm and the clients had previously authorized the exercise of discretion in the accounts at issue, at the time of the transactions, the firm did not permit the exercise of discretion in the accounts and no longer accepted the accounts as discretionary accounts.
CONSTANTINOS G MANIATIS will pay $1,000 for the Municipal Securities Rulemaking Board (MSRB) violations, with the other $4,000 for violating FINRA rules.
According to an article in Bond Buyer, between May 4, 2018 and Feb, 27, 2019, while with Morgan Stanley, CONSTANTINOS G MANIATIS allegedly exercised discretion in seven client accounts despite Morgan Stanley no longer allowing discretionary trading. The article stated that several of those transactions involved municipal securities, and in May 2019, Morgan Stanley fired Maniatis.
According to FINRA’s BrokerCheck, CONSTANTINOS G MANIATIS has been in the securities industry for 17 years and has 3 Disclosures on his FINRA CRD report. One of the disclosures from May 2, 2019, is an “Employment Separation after Allegations” from Morgan Stanley Wealth Management (MSWM). He was discharged following these allegations, “Allegations concerning employee’s diversion of revenue from assigned rep code and trading in non-discretionary account. No customer complaints were recorded in connection with employee’s conduct.”
CONSTANTINOS G MANIATIS was listed with 3 firms, the most recent listed below:
06/01/2009 – 05/31/2019 MORGAN STANLEY – DALLAS, TX
If you’ve experienced financial losses due to the actions or recommendations of the former Morgan Stanley of Dallas, Texas, registered representative, CONSTANTINOS G MANIATIS, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.