Terry Tzagarakis: Spartan Capital Securities Financial Advisor Receives Complaint

Terry Tzagarakis, also known as Terry Rakis, is a financial advisor registered with Spartan Capital Securities in New York. According to regulatory records, he currently has a pending customer complaint of over $6 million.

The customer alleged that “most investments were not suitable and most were not authorized,” seeking a total of $6,645,956 in damages. The complaint, filed on or about September 27, 2018, is in the form of a Financial Industry Regulatory Authority (FINRA) arbitration and is disclosed on Tzagarakis’ Brokercheck report. According to public records, the complaint is in regards to common & preferred stock.

Terry Tzagarakis became registered with Spartan Capital Securities in 2013. Other than the complaint described above, he had another complaint filed on or about August 13, 2013. That customer alleged unauthorized use of margin resulting in damages of approximately $11,000. That complaint settled for $6,000. Tzagarakis has four other complaints on his record dating back to 2001.