Buyer Beware

Corps Capital Advisors Review 2023: 0/5 Stars

At Corps Capital Advisors, Constantinos Maniatis serves as a financial advisor. His previous employer was Morgan Stanley. The Financial Industry Regulatory Authority (FINRA) did, however, impose a 30-day penalty on him.

The industry watchdog said that from May 2018 to February 2019, Constantinos used discretionary trading in 7 customer accounts without receiving prior written consent.

FINRA also imposed a $5,000 fine on Constantinos Maniatis.
The alleged infractions were committed by Constantinos Maniatis while he was employed with Morgan Stanley in Dallas, Texas.

In May 2019, Morgan Stanley fired him for the “alleged” misbehavior including the misappropriation of funds from his “assigned rep code” and a non-discretionary account.

Constantinos Maniatis has been associated with Corps Capital Partners since.

It’s important to note that trustworthy financial counselors are not subject to such accusations, especially from FINRA. Because of this, you should always research an FA’s professional background before cooperating with them on a project.

More information about Corps Capital Advisors:

Corps Capital Advisors Review


In April 2021, Constantinos Maniatis Maniatis signed a letter of acceptance, waiver, and consent. The number for the letter is 2019062788601. Constantinos Maniatis was accused by FINRA of using his discretion in 7 customer accounts between May 2018 and February 2019 despite the fact that his employer, Morgan Stanley, forbade such discretionary trading.

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Furthermore, he used municipal securities in a lot of his discretionary purchases.

Further, FINRA said that during the course of that time period, Maniatis made decisions in 7 accounts on 105 different times.

Furthermore, municipal securities were used in 13 of those transactions.

Although Morgan Stanley and his clients had previously approved the use of discretion in certain accounts, Morgan Stanley did not allow the same use during the time when Constatinos Maniatis used his discretion.

Additionally, throughout that time, Morgan Stanley did not accept those accounts as discretionary accounts.

As a result, Constatinos Maniatis broke the FINRA Rule 2010 and MSRB Rule G-17 as well as NASD Rule 2510(b).

This was an instance of illegal dealing. It typically happens when a client exercises discretion. Brokers that operate with non-discretionary accounts are obligated to ask their clients for approval before making any trades.

Unauthorized trade is also wrong and prohibited. The clients suffer severe losses as a result of it breaking securities laws and regulations.

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FINRA Disclosures Against Corps Capital Advisors Executives:


For almost 20 years, Constantinos Maniatis has worked in the finance sector. He has worked at Merrill Lynch and Citigroup Global Markets in addition to Corps Capital Partners and Morgan Stanley.

Furthermore, Maniatis wasn’t only involved in a conflict during the suspension we mentioned above.

Customer Dispute Corps-Capital-Advisors-ReviewDownload (2014)
A client of Constantinos Maniatis sent Morgan Stanely a letter of complaint in 2014. The customer claimed in their lawsuit that Maniatis misrepresented an investing plan involving energy stocks.

The client chose to complain to the brokerage firm instead of filing a securities arbitration complaint.

As a result, the brokerage company rejected the customer’s complaint and made no apology.

Notably, Maniatis is not the only FA to have experienced such conflicts. Another financial advisor who has been involved in conflicts resulting in damages of over $500,000 is Greg Baker Merrill Lynch. Always be on the lookout for such advisors.

See also  Louis Kestenbaum
2.9Expert Score
Avoid

Despite having extensive industry knowledge, Constantinos Maniatis’ history of alleged unlawful trading and falsification raises questions about his reliability.
Unauthorized trade and misrepresentation are serious problems because they are both wrong and against the law.
It would be advisable for you to locate an alternative FA due to these factors.

9 Comments
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  1. Don’t trust financial brokers blindly. They are only useful to a certain extent. I have read about so many fraudulent financial advisors here that I don’t think I would be able to trust any one of them easily.

  2. Their staff is extremely disrespectful. I have dealt with Corps Capital Advisors in the past and it was a horrendous experience to say the least.

    It was a huge waste of time to go there.

  3. FINRA should not let criminals like Maniatis operate in the industry like this.

    The fact that they only fined him 5000 USD shows they are not very serious about theft and fraud.

    You expect a regulatory body like FINRA to do some actual damage. 5k is too small a fine for rich advisors like him.

  4. This is why it’s vital to do background checks on your FAs. Don’t trust any random joe with your money. Always know who you are dealing with.

  5. It’s laughable how the article tries to justify his actions by saying he ‘exercised his discretion’ with 7 customer accounts when in reality, he was simply stealing from his clients. ‘Exercising discretion’ is such a whitewashing term to confuse consumers.

  6. Trusting financial advisors is becoming increasingly difficult these days because of the way they conduct business. Very few honest men are left in that industry. At least Morgan Stanley had the decency to fire this man.

  7. Financial advisory firms need to be extremely careful when choosing their representative. I think the people at Corps Capital Advisors should do away with Constantinos Maniatis seeing his crooked past and everything.

    • It is of no use. Sometimes it is better to let things be. You cannot expect crooks to fix their ways just like you can’t expect a thief to stop stealing. The only remedy for this solution is stricter punishment and more awareness on the subject. Those who do business with this financial advisory firm need to be made aware of his past. That is the only way to have some actual impact on the situation.

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