January 2020 -Garden City, NY
The FINRA records of Wesley S. Wallace , a stockbroker who was last employed by Worden Capital Management , disclose 2 prior customer disputes.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In February 2019, a Worden Capital Management customer filed FINRA case #19-00369 alleging excessive commission, churning and unsuitable transactions. The case was settled for $19,999.
In May 2017, a customer of Worden Capital Management filed FINRA case #17-02166 alleging fraud, negligent misrepresentation, breach of fiduciary duty and breach of covenants of good faith and fair dealings, breach of conduct and Section 20 violations during the period of January 2015 until November 2015. The case was settled for $12,500.
Wallace was employed by Worden Capital Management from November 2014 until July 2017. He was previously employed by A & F Financial Securities and J.D. Nicholas & Associates, Inc.
If you have problems in an account handled by Wesley S. Wallace call for a no charge consultation to learn more about your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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