Haselkorn & Thibaut has launched an investigation into Peter N. Girgis, a former New York, NY-based financial advisor who has been barred by FINRA and associated with multiple broker-dealers, including SW Financial, Worden Capital Management, and Legend Securities, among others. With a history marked by regulatory actions and customer complaints, investors are seeking clarity on their options. Haselkorn & Thibaut, a national securities fraud law firm with 50+ years of experience and a 98% success rate, is offering free, confidential consultations at 1-888-994-8066—and there is no fee unless you recover losses.
Who is Peter N. Girgis?
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Peter N. Girgis (CRD #4520444) built a career as a broker in New York, working for several high-profile firms. He is now barred from acting as a broker by FINRA due to a series of regulatory issues spanning more than a decade.
| Advisor Name | CRD Number | Broker-Dealers | Current Status |
|---|---|---|---|
| Peter N. Girgis | 4520444 | SW Financial, Worden Capital Management, Legend Securities, Joseph Gunnar & Co., Brookstone Securities, J.P. Turner & Co., GunnAllen Financial, Joseph Stevens & Co. | Barred by FINRA |
Why Investors Are Concerned
Over the years, Peter N. Girgis has accumulated multiple regulatory actions and customer disputes. These actions have become a source of uncertainty and potential financial loss for investors, leading many to ask whether they may be entitled to restitution.
Summary of Regulatory Actions Against Peter N. Girgis
- FINRA Bar (June 2023 & October 2024): Girgis was permanently barred by FINRA after failing to respond to requests for information during ongoing investigations. This is often considered a crucial warning sign to investors.
- FINRA AWC (2021): Findings of excessive and unsuitable trading (sometimes referred to as “churning”) in client accounts led to a nine-month suspension, a $7,500 fine, and over $169,000 in restitution to customers.
- Earlier FINRA Censures: Girgis received a $25,000 fine and censure in 2018 for unsuitable recommendations and failure to disclose conflicts of interest. In 2012, he faced another censure for recommending inappropriate equity transactions.
List of Customer Complaints and Disputes
- 2024 FINRA Arbitration (Case No. 22-02586): Customers were awarded over $10.3 million in compensatory damages, plus $3.1 million in punitive damages based on allegations of unsuitable and excessive trading at SW Financial.
- 2023 FINRA Arbitration (Case No. 22-01195): The panel awarded over $1.4 million in compensatory damages, additional punitive damages, attorneys’ fees and costs, related to allegations of fraud, breach of fiduciary duty, and negligence.
- 2022 Customer Disputes: Two separate complaints alleged unauthorized, unsuitable trading in equities and options. Both were settled for approximately $185,000 combined.
- 2019 Customer Claim: Alleging breach of fiduciary duty and negligence (specifically overconcentration in a single stock), settled for $105,000.
- 2016 Complaint: Alleged misrepresentation and failure to follow investment instructions; dismissed without payment.
- 2014 Complaint: Excessive trading, settled for $60,000.
SEC Actions and Other Proceedings
- Pending SEC Civil Action (Filed January 2025, Brooklyn NY): Accuses Girgis and associates of orchestrating a $70+ million nationwide pre-IPO scheme, employing unregistered sales agents and misleading tactics. The SEC is seeking injunctions, penalties, and an officer/director bar. Status: ongoing.
- No prior SEC civil or administrative orders naming Girgis before 2025 were found. No federal or state lawsuits targeting him personally, and no bankruptcy filings located.
Key Red Flags for Investors
- Multiple FINRA disciplinary actions—including a permanent bar and fines
- Repeated allegations of unsuitable investment recommendations, unauthorized trading, and breach of fiduciary duty
- Large arbitration awards and settlements reached with clients (some in the multimillion-dollar range)
- Poor regulatory cooperation (failure to respond to regulator information requests)
- Ongoing SEC litigation for an alleged multi-million dollar investment scheme
Current Status and Recourse for Investors
Peter N. Girgis is not currently licensed to act as a broker or investment adviser due to his FINRA bar. However, investors who experienced losses with Mr. Girgis as their advisor may still have options for recovery. Filing a claim through FINRA arbitration remains a powerful tool for investors to potentially recover damages stemming from negligence, fraud, or other misconduct.
How Haselkorn & Thibaut Can Help
With decades of combined experience and millions recovered for clients, Haselkorn & Thibaut (investmentfraudlawyers.com) is committed to representing investors who have suffered losses due to advisor misconduct, unauthorized trading, or unsuitable investment recommendations.
- 98% success rate—our track record speaks for itself.
- No recovery, no fee—you pay nothing unless we win your case.
- National reach and local knowledge—serving clients in New York and all 50 states.
What Should You Do If You Lost Money with Peter N. Girgis?
If you invested with Peter N. Girgis and sustained losses—or if you have questions about your account—contact Haselkorn & Thibaut today for a free, confidential consultation: 1-888-994-8066.
- The process is simple and entirely confidential.
- No obligation—just a conversation to determine if you have a case.
- If we believe you are eligible for a claim, you pay nothing unless we recover money for you.
For more information about an advisor’s background, visit FINRA BrokerCheck.
If you have experienced inappropriate trading, unauthorized activity, or questionable recommendations while working with Peter N. Girgis at SW Financial, Worden Capital Management, Legend Securities—or any other firm—contact Haselkorn & Thibaut at 1-888-994-8066 or visit us online to learn about your rights and the next steps forward.
