Published On: February 14, 2017

Stoltmann Law Offices is investigating John Billy Kakonikos, a former broker with Southeast Investments in East Meadow, New York. Kakonikos is accused of recommending and executing securities transactions in the client’s account, over which he had control. The Financial Industry Regulatory Authority (FINRA) alleged that he Kakonikos’ trading was excessive and quantitatively unsuitable for the client. A broker must take into account a client’s age, net worth, and investment objectives when recommending or selling a security, and, if he does not, his investment firm can be held liable for losses. We are Chicago-based securities attorneys who bring cases in the FINRA arbitration forum in order for investors to recover their losses. Please call 312-332-4200 for a free consultation with one of our attorneys. There is no obligation and we take cases on a contingency fee basis only, so we do not make money unless you recover yours.

Kokonikos was registered with JP Turner, Hunter Scott Financial, Caldwell International Securities, John Thomas Financial, and Southeast Investments in East Meadow, New York from February 2014 until February 2016. He has five customer disputes against him, according to his online FINRA BrokerCheck report. He is currently suspended from the industry.

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