FINRA Bars JOHN CHRYSADAKIS

Northwestern Mutual's John Chrysadakis Barred For Refusing To Cooperate With FINRA

Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports alarming allegations of improprieties by Northwestern Mutual Investment Services securities broker John Chrysadakis [CRD#: 5680661, Norwalk, Connecticut]. Aparently, not only has FINRA barred Chrysadakis, but a client disputed his sales practices. Also, Northwestern Mutual ended its employment relationship with the securities broker for allegedly engaging in deceptive and unauthorized activities including forgery. Check out the following allegations against Chrysadakis.

John Chrysadakis Fails To Cooperate In FINRA Investigation

Evidently, FINRA dealt John Chrysadakis a permanent bar for violating FINRA Rules 8210 and 2010. Notably, Rule 8210 allows FINRA to require that a broker testify or produce information in its investigation. Allegedly, after Northwestern Mutual terminated Chrysadakis, FINRA asked for his information and documentation. However, Chrysadakis responded to FINRA by stating that he would not produce information or documents at any time. Apparently, the securities broker was barred in all capacities effective January 6, 2020.

Northwestern Mutual Permits Chrysadakis To Resign

Evidently, John Chrysadakis worked for Northwestern Mutual between 2010 and 2019. Reportedly, on March 19, 2019, Northwestern Mutual disaffiliated with Chrysadakis. Notably, the firm indicated that it internally reviewed him at the time of his termination for possible forgery, unauthorized life insurance transactions and undisclosed judgments.

Northwestern Mutual Client Files Dispute About John Chrysadakis

Apparently, a Northwestern Mutual client brought a formal dispute about John Chrysadakis on October 29, 2018. Namely, the client contended that Chrysadakis forged client signatures on Term Conversion Express documents. It appears that these documents were used to convert clients’ policies to whole life insurance. Consequently, on November 20, 2018, Northwestern Mutual settled this client’s dispute by paying the client $4,837.40.

Did Chrysadakis Sell You Bad Investments?

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