Nicholas Tsikitas: Aegis Advisor Denies Suitability Complaint

A recent investor complaint against Melville, New York financial advisor Nicholas Tsikitas (CRD# 2871712) alleges that he recommended unsuitable investments. Financial Industry Regulatory Authority records show that he is registered as a broker with Aegis Capital Corporation, having previously been registered with JD Nicholas & Associates.

Mr. Tsikitas’s BrokerCheck report discloses one investor complaint. Filed in June 2024, it alleges that as a representative of Aegis Capital Corporation, he recommended unsuitable investments, including private placements. The pending complaint alleges unspecified damages.

In a statement included with the disclosure, Mr. Tsikitas defends himself against the claim. “The allegations made are entirely false,” he writes. “ I am prepared to defend myself vigorously. I am confident that a thorough review of the facts will unequivocally disprove these allegations. My commitment to professional integrity and client satisfaction has always been unwavering, and I stand ready to provide all necessary evidence to refute these claims.”

Several other disclosures on his BrokerCheck report concern regulatory actions against him. In 2011, for example, the Connecticut Banking Commissioner sanctioned him in connection with allegations that he violated state securities law by causing “certain documents that were materially false or misleading to be filed with the commissioner.” A 2003 disclosure, meanwhile, states that the National Association of Securities Dealers fined him $7,500 in connection with allegations that he made unauthorized purchases.

According to the investments. Financial Industry Regulatory Authority, Nicholas Tsikitas holds 27 years of securities industry experience. Based in Melville, New York, he has been registered as a broker with Aegis Capital Corporation since 2014. His past registrations include JD Nicholas & Associates, American Capital Partners, Trident Partners, First Montauk Securities, and Comprehensive Capital Corporation. His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63. He holds 27 state licenses. (Information current as of September 14, 2024.)

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