Corps Capital Advisors Worth How Many Stars Out Of 5?
Constantinos Maniatis is a financial advisor at Corps Capital Advisors. The firm he worked for before was Morgan Stanley. But FINRA, the Financial Industry Regulatory Authority, did fine him for thirty days.
Corps Capital Advisors (corpscapadvisors.com)
According to the industry watchdog, Constantinos used discretionary trading in seven customer accounts without first obtaining written consent between May 2018 and February 2019.
Constantinos Maniatis also received a $5,000 fine from FINRA.
Constantinos Maniatis allegedly committed the offenses while working for Morgan Stanley in Dallas, Texas.
Financial advisor Maniatis presently works with Corps Capital Advisors, offering his knowledge to customers in need of financial guidance. He was previously employed by the multinational financial services company Morgan Stanley. However, he was hit with a 30-day penalty by the Financial Industry Regulatory Authority (FINRA) for not getting prior written approval before utilizing discretionary trading in seven customer accounts between May 2018 and February 2019. He was also fined $5,000 by FINRA for this infraction. These alleged transgressions happened while he worked in Dallas, Texas, for Morgan Stanley. Constantinos Maniatis is still available to clients as a financial advisor in spite of these fines.
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FINRA Facts
- The US government has given FINRA permission to enforce moral investing principles.
- The largest securities dispute resolution forum in the United States is run by FINRA.
- For taxpayers, FINRA is a “no cost” service.
He was let go by Morgan Stanley in May 2019 due to “alleged” misconduct that included stealing money from his “assigned rep code” and a non-discretionary account.
Since then, Constantinos Maniatis has been connected to Corps Capital Partners.
It’s crucial to remember that reliable financial advisors—especially those affiliated with FINRA—are immune to charges like these. Because of this, before working with an FA on a project, you should always find out about their professional experience.
More information about Corps Capital Advisors:
Constantinos Maniatis Maniatis signed a consent, waiver, and acceptance letter in April 2021. The letter’s number is 2019062788601. FINRA accused Maniatis of trading discretionarily in seven customer accounts from May 2018 to February 2019, despite Morgan Stanley, his employer, prohibiting such actions.
Moreover, he made many of his impulsive purchases using municipal securities.
Furthermore, according to FINRA, Maniatis made decisions in 7 accounts at 105 different times during that period.
Moreover, 13 of those transactions involved the use of municipal securities.
Morgan Stanley did not permit Maniatis to use his discretion in the same account, even though Morgan Stanley and its clients had previously approved its use in certain accounts.
Furthermore, Morgan Stanley refused to recognize those accounts as discretionary accounts during that period.
Constantinos Maniatis consequently violated FINRA Rule 2010 and MSRB Rule G-17 in addition to NASD Rule 2510(b).
This was an example of illicit commerce. Usually, when a client uses discretion, it occurs. Before making any trades, brokers using non-discretionary accounts are required to get their clients’ approval.
Unauthorized trading is wrong and forbidden as well. It violates securities laws and regulations, resulting in significant losses for the clients.
FINRA Disclosures Against Corps Capital Advisors Executives:
Corps-Capital-Advisors-ReviewDownload
Constantinos Maniatis has been employed in the financial industry for nearly two decades. In addition to Morgan Stanley and Corps Capital Partners, he has held positions at Merrill Lynch and Citigroup Global Markets.
Moreover, Maniatis was embroiled in more than one altercation during the aforementioned suspension.
Capital-Advisors-Client-Dispute Corps-Review Download (2014)
2014 saw a letter of complaint from one of Constantinos Maniatis’s clients to Morgan Stanely. In their lawsuit, the customer alleged that Maniatis had misrepresented an energy stock investing plan.
Rather than submitting a securities arbitration complaint, the client opted to lodge a grievance with the brokerage firm.
Consequently, the brokerage firm dismissed the client’s grievance without expressing regret.
Interestingly, Maniatis is not the only FA who has encountered these disputes. Greg Baker Merrill Lynch is another financial advisor who has been embroiled in disputes that have cost over $500,000. Keep an eye out for these advisors at all times.