John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker John Terzis (also known as John Nicholas Terzis) (CRD: 1805020, Skokie, Illinois). Not only has FINRA sanctioned Terzis for a client loan, but investors disputed the sales practices of the securities broker. However, Terzis denies the allegations. Read on to learn more about the allegations against Terzis.
Evidently, on December 23, 2022, FINRA issued Case: 2022073846901 sanctioning John Terzis for infractions. Specifically, Terzis was barred as a securities broker, which means he is not permitted by FINRA to work with any FINRA-member firms as a securities broker or in other capacities. Namely, FINRA alleged that Terzis borrowed $200,000 from a client of his.
Supposedly, Terzis did not inform LPL Financial about this loan or get the firm’s approval for it. The securities broker reportedly stopped paying the client back after making a couple of years of payments. FINRA says that Terzis had no reasonable belief of being able to repay the client at the time that he borrowed the money. Additionally, Terzis reportedly inaccurately told his firm that he did not issue a promissory note outside of the firm or otherwise solicit a loan from a client.
Terzis worked for LPL Financial LLC in Skokie, IL as a securities broker from March 2008 to March 2022. Notably, on February 15, 2022, LPL Financial LLC disaffiliated with Terzis. Particularly, LPL Financial LLC alleged that Terzis did not disclose a loan arrangement with a client.
Additionally, a client of LPL Financial LLC contested John Terzis’ sales practices, according to a complaint dated December 16, 2021. Allegedly, Terzis misappropriated funds. Supposedly, Terzis caused the client to sustain damages on mutual funds. Therefore, the client asked for compensatory relief from LPL Financial LLC or Terzis in the amount of $200,000 in this ongoing matter.
Also, on June 1, 2005, a Marketing One Securities Inc. client filed a complaint about John Terzis. Namely, the client alleged that Terzis engaged in unsuitable trading. Because of this, the client allegedly sustained damages on variable annuities. Therefore, the client requested $6,500 in compensation from Marketing One Securities Inc. or Terzis. However, Marketing One Securities Inc. denied this complaint.
Incurred damages because of John Terzis? You should contact Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the country, represents investors like you on a contingency fee basis and advances all costs. Terzis and those firms Terzis worked for deny any and all allegations of sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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