Ernest D Kappotis’Fraudulent Behaviour Exposed: Update 2023

Unveiling the Scandal Surrounding Ernest D Kappotis’ Deceptive Actions

In a stunning twist of fate, the deceitful conduct of Ernest D Kappotis has been exposed, leaving numerous individuals dumbfounded and searching for explanations. The emergence of this scandal, currently occupying the spotlight, has reverberated throughout the community, evoking a surge of incredulity and indignation. Let us embark on a journey to unravel the complexities of this fraudulent tale and unveil the veracity behind Ernest D Kappotis’ cunning maneuvers.

History Of Ernest D Kappotis

Kappotis signed up with FINRA for the first time in 2005. Between January 2019 and November 2020, he was registered with FINRA as, among other things, a Financial and Operations Principal (FINOP) through CBC Securities, Inc. (CRD No. 46153).
Kappotis is listed with FINRA through six other firms that are also FINRA members.

The Unmasking of a Fraudster

Ernest D Kappotis’s name used to mean respect and power, but now it’s always associated with lies and tricks. When people found out about Kappotis’s fraud, it sent shockwaves through the business and hurt his reputation, which he had built up over the years. With each new piece of information that comes out, it becomes clearer how much he lied, making those who believed him feel betrayed and tricked.

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Ernest D Kappotis Report

This whole thing started with a normal fn-m check of CBC Securities.
Rule 2010 of the FINRA says that members and people who work with them must “observe high standards of commercial honor and just and equitable principles of trade.” Creating a document with an old date and sending it to FINRA is against this rule and a violation of Rule 2010.

On October 22, 2019, as part of a routine examination of the firm, FINRA Staff asked the firm to provide lists of the outside business activities (OBAs) of the firm’s registered people and, if possible, documents showing that the firm had approved those OBAs. Kappotis made a paper with a list of his OBAs on November 4, 2019. Kappotis put the date of October 1, 2019, on the OBA list. Kappotis made the paper and put the wrong date on it because he knew it would be sent to FINRA. In fact, the paper with the wrong date was given to FINRA.

Even though the firm had already agreed to Kappotis’s OBAs, in the backdated document he made it look like he had given the firm written notice of his OBAs in the form of a list, which he had not.
Kappotis broke FINRA Rule 2010 because of this.

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Penalties, Punishments & Sanctions


Respondent promises to pay the monetary sanction once they are told that this AWC has been accepted and that the payment is due. The respondent has turned in a form called an “Election of Payment” that shows how he plans to pay the fine.

Respondent specifically and freely gives up any right to say that he or she can’t pay the monetary sanction in this case, either now or at any time after this AWC is signed.

Respondent knows that if he is banned or suspended from working with any FINRA member, he is subject to a statutory disqualification, as stated in Article III, Section 4 of FINRA’s By-Laws, which includes Section 3(a)(39) of the Securities Exchange Act of 1934. During the time he is barred or suspended, he can’t work for or with any FINRA member in any way, even in a clerical or religious position. See Rules 8310 and 8311 of the FINRA.

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Ernest D Kappotis Review

During a regular check of CBC Securities, Kappotis made a document with a backdated date. He knew that this document would be sent to FINRA. He broke FINRA Rule 2010 by doing this.

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Help For Victims Of Ernest D Kappotis

If you lost money because Ernest D Kappotis lied to you, sold you bad investments, or gave you bad advice about how to spend, you can sue him. Then you can go to court and get what’s right. Fraud, bad behavior, and not doing what you’re supposed to do should not be taken easily, especially in this business. If your financial advisor or brokerage company doesn’t follow FINRA’s rules and regulations, you should tell the authorities or go to court.

Financial advisors are required by law and regulation to suggest to their clients the best investments and investment plans. Their suggestions should be in the best interest of their clients and fit with their goals and wants. In the same way, the brokerage company that hires financial advisors has a legal and regulatory duty to keep a close eye on and oversee their practices and behavior. They need to make sure that the financial expert isn’t trying to trick them or isn’t favoring certain investments for no good reason. If the financial advisor or brokerage company doesn’t do these things, the client or customer may be able to get all or some of their money back.

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When they give advice about investments and investment plans, financial advisors need to think about what is best for their clients. Reasonable basis suitability means that the advisor should do their best to analyze and point out the risks and benefits of the investment or investment plan they recommend.


Ernest D Kappotis’s dishonest actions have shocked and upset the community. They have also shown a side of his personality that was hidden before. The effects of what he did are far-reaching and will last for a long time for those who were hurt. As the legal process goes on and the truth keeps coming out, it’s important to learn from this scandal and work toward a future where trust is respected and people who do things that aren’t honest are punished quickly.

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