The Financial Industry Regulatory Authority (“FINRA”) BrokerCheck report for securities broker Peter Girgis (CRD#: 4520444, New York, New York) shows that FINRA is investigating him for unsuitable trading and churning. Moreover, six investors disputed Girgis’s sales practices. These disclosures are summarized below.
Critically, FINRA confirmed in September 2020 that it might take disciplinary action against Peter Girgis because he potentially violated suitability rules. Specifically, FINRA thinks that Girgis may have made unsuitable trades in client accounts. The securities broker might have excessively traded after recommending that those clients commit to an active trading strategy. It appears that as of March 12, 2021, FINRA is also investigating Peter Girgis for possibly violating federal securities laws on churning. The securities broker might face disciplinary action alleging violation of Section 10(b) of the Exchange Act, and FINRA Rules.
FINRA’s investigation might concern Girgis’s activities when he worked for Legend Securities (2013 to 2016), Worden Capital Management (2016 to 2019) or SW Financial (2019 to present).
Evidently, a client of Legend Securities brought a dispute about Girgis in February 2017. Mainly, the client alleged that Girgis churned their account and charged them excessive commissions. It seems that Girgis caused the client to sustain losses on equities trades. For this reason, Legend Securities paid the client to settle the matter.
Notably, a client of Joseph Gunnar disputed Peter Girgis’s sales practices in a May 2016 FINRA Arbitration Claim. First of all, the client claimed that Girgis misappropriated their funds. Secondly, the securities broker supposedly made unauthorized and unsuitable trades. Thirdly, the client alleged breach of contract, negligence and recklessness. This all supposedly led the client to face investment losses. Consequently, Joseph Gunnar compensated them in the amount of $65,000.
Moreover, a client of Brookstone Securities Inc. took aim at Peter Girgis as it pertained to the client’s stock holdings. It seems that this Statement of Claim contains allegations of breach of contract. Allegations also include Girgis’s negligent misrepresentation in connection with the client’s stock trades. And like other disputes, this client alleged that the securities broker churned their account resulting in damages. Because of this, they obtained compensation to resolve this matter.
Past disputes about Peter Girgis allege unauthorized trading, excessive trading, breach of fiduciary duty and other sales practice violations.
FINRA BrokerCheck indicates that Peter Girgis denies all allegations of his sales practice violations. Did you lose money because of this person? If so, call Soreide Law Group at (888) 760-6552 and speak with a knowledgeable securities lawyer about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have sustained losses because of their financial advisors and securities brokers.
CONTACT US
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
Phone:
Fax: 1-954-760-6553
Email: [email protected]