Andrew Pandis


February 2, 2024

Type of alert:

Unsuitable Recommendations  

Attorneys at ChapmanAlbin are investigating Andrew Pandis, registered representative at Cetera Investment Advisors, for allegations of broker misconduct. Pandis allegedly gave unsuitable investment advice in recommending the Griffin—now known as Peakstone—Real Estate Investment Trust (REIT), which resulted in catastrophic losses. REITs are highly speculative, illiquid “alternative investments.” They are generally unsuitable for most investors but generate large upfront commissions and fees for the brokers who recommend them.

Pandis, who was previously registered at Essex National Securities and Infinex Investments, has multiple pending complaints related to his alleged unsuitable recommendations to purchase REITs. He has also been sued by a former client for alleged misconduct associated with the sale of annuity products. Investors can read more about the allegations against Mr. Pandis’s on his ‘BrokerCheck report.

Brokerage firms and their registered representatives have a duty to only recommend investment products and strategies that are suitable for their clients, and to put their clients’ interests before their own. When they fail in that duty, brokers and investment professionals may be liable to individual investors for damages.

ChapmanAlbin has been fighting for investor rights for more than 25 years. If you believe you may have been wronged by an investment processional, contact ChapmanAlbin for a free consultation.

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