Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker John Christoforidis (CRD: 2841315, Garden City, New York). Christoforidis previously worked for multiple brokerage firms, including Spartan Capital Securities LLC from 2016 to 2024.
Recent regulatory actions disclose that FINRA has barred Christoforidis from the securities industry following his refusal to provide on-the-record testimony regarding an investigation into alleged sales practice violations.
On August 12, 2024, FINRA permanently barred John Christoforidis from associating with any FINRA member firm in all capacities. The sanction resulted from his refusal to provide on-the-record testimony in response to FINRA’s investigation into potential sales practice violations.
Under FINRA Rule 8210, individuals are required to comply with information requests during regulatory investigations. Christoforidis’s non-compliance constituted a violation of both FINRA Rule 8210 and FINRA Rule 2010. The refusal to cooperate led to an Acceptance, Waiver, and Consent (AWC) agreement, permanently barring him from the securities industry.
Christoforidis had been employed by 11 different firms over a 23-year career, with multiple firms later expelled by FINRA for compliance failures. His most recent association was with Spartan Capital Securities LLC (2016-2024), a firm that has been subject to its own regulatory scrutiny. Prior to that, he worked with Worden Capital Management LLC (2015-2016), Rockwell Global Capital LLC (2012-2015), and Brookstone Securities Inc. (2011-2012), among others.
Several of these firms, including Brookstone Securities, Rockwell Global Capital, and Global Arena Capital Corp, were later expelled by FINRA, raising concerns about the regulatory oversight at firms Christoforidis was associated with.
The FINRA bar prohibits John Christoforidis from working with any FINRA-regulated brokerage firm in any capacity. Investors who previously worked with Christoforidis may want to review their investment accounts and assess whether any potential claims exist regarding unsuitable recommendations or other misconduct.
Looking for more information about John Christoforidis? If so, reach out to Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. The team at Soreide Law Group works on a contingency basis, advances all costs, and assists investors across the country with recovering losses from sales practice misconduct. Christoforidis and the firms he worked for deny accusations of sales practice violations.
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