brokerwatch

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