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.
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.
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.
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.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com