Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker George Apolonides (also known as George Apollo) [CRD: 3101928, Garden City, New York]. Apolonides, previously registered as a broker, has over 23 years of experience in the securities industry, with affiliations at seven firms. Most recently, he worked for Spartan Capital Securities, LLC from January 2016 to December 2022.
Recent disclosures reveal concerns about Apolonides’s conduct, including allegations of unsuitable recommendations, excessive trading, and failure to comply with arbitration awards.
FINRA Regulatory Action: Unsuitable Recommendations in Senior Clients’ Accounts
On October 8, 2024, FINRA filed a regulatory action against George Apolonides, citing violations of Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (Reg BI). According to FINRA, Apolonides recommended a series of unsuitable and excessive trades in client accounts, three of which belonged to senior clients. These trades were deemed not in the clients' best interests.
The findings indicate that Apolonides exercised de facto control over the affected accounts, generating $618,911 in total trading costs, including $563,263 that consisted of commissions, causing $735,376 in realized losses. Apolonides consented to an 11-month suspension, effective from October 21, 2024, to September 20, 2025.
FINRA Regulatory Action About George Apolonides: Failure to Comply with Arbitration Awards
On June 6, 2024, FINRA imposed an indefinite suspension on Apolonides for failure to comply with an arbitration award or settlement agreement and for not responding to a FINRA inquiry regarding compliance status.
Caldwell International Securities Client Files Arbitration Claim for Unsuitable Recommendations
A client of Caldwell International Securities filed a written complaint on January 31, 2013, alleging that Apolonides provided unsuitable investment advice. The client’s account was active from February 2011 to June 2012. The claim sought $34,534 in damages. On March 7, 2013, the firm denied the claim.
Looking for more information about George Apolonides? If so, reach out to Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Soreide Law Group represents investors nationwide, handles cases on contingency, advances costs, and works to recover losses caused by financial sales practice violations, but recovery isn’t guaranteed. Apolonides and the firms he worked for deny accusations of sales practice violations.
