Close Menu
Free Consultation: 888-976-6111

John Chrysadakis: Norwalk Broker Barred Over Forgery Allegations

Former Northwestern Mutual Investment Services broker John Chrysadakis (CRD# 5680661) was recently barred by the Financial Industry Regulatory Authority in connection to allegations he refused to cooperate with an investigation into allegations of fraudulent activity, including forgery of insurance forms. 

According to a Letter of Acceptance, Waiver and Consent (No. 2018060563201) dated January 2020, John Chrysadakis was associated with Northwestern Mutual Investment Services as an Investment Company and Variable Contracts Products Representative from 2010 until April 2019, when the form disclosed that it had permitted him to resign while under investigation for allegations of fraudulent activity, which he denied. FINRA’s findings note that in May 2019, Fidelity Masonic Temple Association filed a complaint against him in state court in Connecticut, alleging that he converted about $100,000 of the company’s funds while he was its treasurer, between 2016 and 2019. As part of an investigation into these allegations, FINRA sent him a request on November 8, 2019 to produce documents and information. Chrysadakis informed FINRA via telephone call on November 22, 2019 that he was in receipt of its request but would not comply by producing documents or information. As a result of the alleged foregoing conduct, which FINRA states violated FINRA Rules 8210 and 2010, he was barred from associating with any FINRA member firm in any capacity.

John Chrysadakis’s BrokerCheck report lists one customer complaint against him. Filed in October 2018, the complaint alleged that as a representative of Northwestern Mutual Investment Services, he forged signatures on six Term Conversion Express documents, that is, documents requesting “requesting conversion of their non-variable term insurance to whole life insurance.” The complaint reached a settlement of $4,837.40; Chrysadakis denied signing the documents. 

John Chrysadakis is currently not registered as a broker. His previous registrations include Northwestern Mutual Investment Services and Park Avenue Securities. He has passed three securities industry qualifying examinations and his BrokerCheck report lists zero state securities licenses. (Information current as of May 14, 2020.)

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Robert Wise: Wells Fargo Advisor Faces $1 Million Complaint

    Tampa, Florida financial advisor Robert Wise (CRD# 5884184) recently received an investor complaint alleging that his advice resulted in seven-figure...

    Read More
  • Brett Wooten: $365K Complaint Against Landmark Financial Advisor

    Smyrna, Georgia financial advisor Brett Wooten (CRD# 5928719) recently received an investor complaint alleging more than $300,000 in damages. Financial...

    Read More
  • Brittani Schaefer: Ex-Arete Advisor Faces $100K Complaint

    Creve Couer, Missouri financial advisor Brittani Schaefer (CRD# 6327801) recently received an investor complaint alleging six-figure damages. Financial Industry Regulatory...

    Read More
  • Stephen Fortin: $70K Oil & Gas Complaint Against Ex-Lincoln Advisor

    Cincinnati, Ohio financial advisor Stephen Fortin (CRD# 2320006) allegedly recommended an unsuitable investment, according to a recent investor complaint. Financial...

    Read More
  • Previous
  • Next