Richard Demetriou, a registered representative with Titan Securities of Dallas Texas, was named a Respondent in a Financial Industry Regulatory Authority (FINRA) complaint alleging that he made numerous misrepresentations to prospective investors in connection with a speculative real estate investment which allegedly caused all investors involved to loss their monies.
According to the FINRA complaint, Richard Wayne Demetriou, of Dunwoody Georgia, served as the manager of RBCP, a Mississippi company involved in speculative real estate investments. FINRA’s complaint notes that RBCP was orchestrated by an individual who was barred from the securities industry for securities fraud. Mr. Demetriou allegedly promoted investments in RBCP to at least 36 customers, including four Titan customers. In his promotion of the investment, Mr. Demetriou sent prospective investors several promotional emails and sales literature which allegedly contained numerous misrepresentations which, FINRA alleges, Mr. Demetriou had no reason to believe were accurate. Unfortunately, as of October 17, 2016, the RBCP investment promoted by Richard Demetriou has not returned any investment funds and all investor monies have been lost. Continue reading →