Articles Tagged with Vanderbilt Securities

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Krikor Demirjian (Demirjian), currently associated with Vanderbilt Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Demirjian recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $2,500,000.00 on April 28, 2025.

Customer alleges that an investment recommendation was unsuitable and misleading.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Gitterman (Gitterman), currently associated with Vanderbilt Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Gitterman recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,000.00 on September 11, 2023.

Client claims misleading investment advice and failure to conduct reasonable due diligence in regards to the client’s investment in GPB Holdings II

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Citron (Citron), currently associated with Vanderbilt Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Citron recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $200,000.00 on October 31, 2023.

Client alleges FA improperly followed client’s spouse’s instructions to withdraw funds from client’s individual account when spouse was not authorized to give such.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Krikor Demirjian (Demirjian), currently associated with Vanderbilt Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Demirjian recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,000.00 on January 03, 2024.

Customer alleges that an investment recommendation was unsuitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Janet Doherty (Doherty), currently associated with Vanderbilt Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Doherty recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $5,000.00 on January 11, 2024.

Customer alleges unauthorized transfer of funds from fixed annuities to a variable annuity.

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Currently financial advisor Diana Palmieri (Palmieri), currently employed by brokerage firm Vanderbilt Securities, LLC has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements.  The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $99,999.00 on February 08, 2024.

Clients claim investments into the non-traded REITS & BDCs between 2014-2019 were unsuitable and illiquid investments

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Bilitz (Bilitz), currently associated with Vanderbilt Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bilitz recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $8,489.81 on March 08, 2024.

The client alleged the recommendation and sale of the RiverSource Multi-Index Universal Insurance Policy by the advisor was unsuitable based on her needs and resources in June 2023 and he misrepresented the purchase of a new AIG SunAmerica Variable Annuity as a continuation of her deceased husband’s annuity in August 2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Hagop Nalbandian (Nalbandian), currently associated with Vanderbilt Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Nalbandian recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $2,500,000.00 on April 28, 2025.

Customer alleges that an investment recommendation was unsuitable and misleading.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Sophia (Sophia), previously associated with Vanderbilt Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Sophia recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $50,000.00 on May 21, 2024.

Client alleged, inter alia, that investment strategy implemented in their account was not in their best interests 2019-2024

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cary Urich (Urich), currently associated with Vanderbilt Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Urich recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $710,000.00 on June 11, 2024.

Unsuitability, breach of fiduciary duty, negligence and deception.

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