Andrew Pandis Allegedly Overconcentrated Investor in Alternative Investment

Andrew Pandis (CRD #: 2928410), a broker registered with Cetera Investment Services, is facing investor allegations, according to his BrokerCheck record, accessed on January 16, 2025. Investors may have also engaged his services through Cetera Investment Advisers. For more detail, keep reading.

Investor Disputes

On December 11, 2024, an investor filed a dispute alleging Andrew Pandis made an unsuitable investment recommendation and overconcentrated them into a highly speculative alternative investment. The client seeks $260,000 in damages.

On June 11, 2024, an investor named Andrew Pandis in a dispute. The investor seeks an accounting of his investments and $450,000 in damages.

In a pending dispute filed on August 16, 2023, multiple investors alleged that Andrew Pandis recommended unsuitable investments and strategies. They seek $50,000 in damages.

On June 29, 2023, an investor alleged that Andrew Pandis engaged in misrepresentation. This dispute was denied by the firm.

However, investors can still seek out FINRA arbitration and potentially recover their losses even if a firm denies their dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles, which describe an investor’s tax status, age, risk tolerance, and other characteristics.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of material information, such as an investment’s potential returns, risks, or limitations.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many FINRA rules are automatic violations of Rule 2010. 

Background Information 

Andrew Pandis has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in Connecticut, Florida, New Jersey, and New York. He is also a registered investment adviser in New York. 

In the past, Andrew Pandis has registered with the following firms: 

• Infinex Investments (CRD #: 35371) 
• Essex National Securities (CRD #: 25454) 
• Chase Investment Services Corp. (CRD #: 25574) 
• TD Waterhouse Investor Services (CRD #: 7870) 
• Olde Discount Corporation (CRD #: 5979) 
• J.B. Oxford & Company (CRD #: 14343) 
• Sauceda & Granville Securities (CRD #: 28939) 

Kurta Law Can Help

If you worked with Andrew Pandis and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.