George Apollo: 6-Figure Churning Complaint Against Garden City Rep
Spartan Capital Securities representative George Apollo (CRD# 3101928) recently received a pending investor complaint alleging six-figure losses connected to churning and unauthorized trading. Financial Industry Regulatory Authority records show that Mr. Apollo is affiliated as a broker with the firm’s offices in Garden City, New York.
Mr. Apollo’s BrokerCheck report, a free tool designed to help investors to research securities industry professionals and firms, lists one pending investor complaint. Filed in December 2021, it alleges churning, unsuitability, breach of fiduciary duty, breach of contract, misrepresentation, supervisory failures, and unauthorized trading relating to investments in common and preferred stock and a private placement. The pending complaint alleges damages of $815,130.29.
In a comment regarding the pending complaint included on his BrokerCheck report, Mr. Apollo “vehemently denies” the allegations. “The client was aware of any risk involved, commission charged and was a sophisticated investor willing to take risk,” he wrote. “ The client was aware of any risk involved, commission charged and was a sophisticated investor willing to take risk.”
George Apollo holds 23 years of securities industry experience. He has been affiliated with Spartan Capital Securities in Garden City, New York since 2016. His past registrations include Southeast Investments (East Meadow, New York; 2014-2016), Caldwell International Securities (East Meadows, New York; 2007-2014), Hunter Scott Financial (Uniondale, New York; 2005-2007), JP Turner & Company (Atlanta, Georgia; 2001-2005), Donald & Co. Securities (Tinton Falls, New Jersey; 2001), JP Turner & Company (Atlanta, Georgia; 1999-2001), and Joseph Stevens & Company (Brooklyn, New York; 1999). He has passed three securities industry qualifying exams: the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He presently holds 19 state licenses. (Information current as of May 11, 2022.)
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