Last Updated: November 2023 (Fort Lauderdale, FL)
Steros Christoforou Investigation Summary
Here’s what you need to know about Fort Lauderdale, FL, stockbroker Steros Christoforou:
- Name: Mr. Steros Christoforou
- Current Employer: PHX Financial Inc.
- Previous Firms: Legend Securities, Bradley Woods & Co.
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: Fort Lauderdale, Florida
- CRD 4407397
- Can Steros Christoforou be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $100,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
Did You Lose Money With Steros Christoforou As Your Stockbroker?
In 4/2023 a customer of PHX Financial filed a FINRA arbitration alleging that Steros Christoforou made an unsuitable recommendation to invest in a non publicly traded real estate security. Damages of $100,000 are sought in this pending matter.
Allegations of Broker Misconduct Against Steros Christoforou
A customer of Steros Christoforou has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in non publicly traded real estate security
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Steros Christoforou, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
