Who Is David Michael Karandos? David Michael Karandos Investigation
David Michael Karandos was a registered broker until he was barred from FINRA in July 2022. Before he was barred from FINRA, David was registered as a broker with Dinosaur Financial Group. His Linkedin profile also lists him as the “Sr. Vice President, Financial Advisor, CIMA at RMR Wealth Management LLC” until November 2019. According to FINRA’s BrokerCheck, David Karandos is the subject of 13 disclosures.
Peiffer Wolf is currently investigating claims against David Karandos of Dinosaur Financial Group for his recommendation of alternative investments. If you’ve invested with David Karandos, Contact Us by calling 585-310-5140 or by filling out an online Contact Form for a FREE Consultation.
David Michael Karandos | Dinosaur Financial Group
According to FINRA’s BrokerCheck, David Karandos was barred from FINRA after he “refused to appear for on-the-record testimony requested by FINRA.” He is the subject of 13 Disclosures, including:
- August 2021 – Customer Dispute; Award/Judgment. Amount: $314,564.84. Allegations include that Karandos sold unsuitable alternative private investments to customers.
- November 2020 – Customer Dispute; Pending. Amount: $436,000. Allegations include placing customers in unsuitable investments and improperly withdrawing funds from family accounts.
- March 2018 – Judgment/Lien. Amount: $56,367.51. Tax lien.
- May 2015 – Judgment/Lien. Amount: $434,536.70. Tax lien.
- October 2013 – Regulatory; Final. Karandos was sanctioned for omitting information on his U-4 form and engaging in dishonest or unethical practices in the securities and investment business.
- July 2022 – Regulatory; Final. Karandos consented to a bar from the securities industry for refusing to appear for on-the-record testimony requested by FINRA.
Prior to Dinosaur Financial Group, David Karandos was registered with Morgan Stanley Smith Barney, Morgan Stanley & Co., UBS Financial Services, Merrill Lynch Pierce Fenner & Smith, and Mimlic Sales Corporation.
To review David Karandos’s Brokercheck report, click here:
https://brokercheck.finra.org/individual/summary/1934119
*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)
David Karandos Client?
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their clients. Their broker-dealer (employing brokerage firm) has a legal and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of their investment losses.
Based on our experience, we believe that some investors may have been the victims of David Karandos’s alleged broker misconduct and investment fraud. If you invested with David Karandos of Dinosaur Financial Group, Contact Peiffer Wolf immediately for a FREE Consultation: 585-310-5140.
FREE Consultation | 585-310-5140
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Peiffer Wolf is currently investigating claims against David Karandos of Dinosaur Financial Group for his recommendation of alternative investments. If you’ve invested with David Karandos, Contact Us today by filling out a Contact Form or by calling 585-310-5140 to schedule a FREE Case Evaluation.
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Brokercheck®️ report: David Michael Karandos
