August 2021-New York, NY
According to publicly available records Jason Andrew Wilk , a former stockbroker who is not currently registered and who was last employed by Worden Capital Management , discloses a prior regulatory matter, 8 prior customer disputes, an investigation and two currently pending judgement/liens.
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 11/2019 FINRA suspended Wilk for failing to cooperate with a regulatory investigation.
In 7/2021 FINRA made a preliminary determination to recommend that disciplinary action be brought against Will alleging that Wilk did not exercise reasonable-basis suitability in making recommendations to customers. He is also alleged to be in violation of FINRA Rules 8210 and 2010 for failing to appear for testimony.
IN 6/2021 a customer of Worden Financial was paid $162,500 to resolve allegations that Wilk committed fraud and negligence in connection with a customer account between 11/2017-summer 2018.
In 6/2016 a customer of Wilk’s prior employer Meyers Associates was paid $14,999 to settle FINRA case 16-01526 in which the customer alleged that WIlk made unauthorized and unsuitable trades.
In 9/2016 a customer of Wilk’s prior employer National Securities Corp. was paid $15,000 to resolve allegations that he recommended unsuitable investments.
In 9/2016 another customer of Wilk’s prior employer National Securities Corp. was paid $22,500 to resolve allegations that Wilk made unauthorized trades in the account.
Wilk discloses two currently outstanding judgment/liens in the Civil Court of the City of New York:
- $4,840 in favor of Capital One Bank USA
- $7,670 in favor of Absolute Resolutions Investments
Our law firm recently filed a FINRA arbitration against WIlk’s former employer, Worden Capital Management on behalf of a resident of New Jersey.
In the FINRA arbitration pleadings our client alleges that Worden Capital failed to superviseWilk and allowed him to make unauthorized and unsuitable trades and churn the account to generate commissions. Damages of between $100,000-$500,000 are sought.
Jason A. Wilk was employed by Worden Capital Management from 10/2017-4/2019 . He was previously employed by Craft Capital Management from 5/2017-9/2017. Prior to that he was registered with Windsor Street Capital from 11/2016-1/2017. Windsor Street Capital was expelled from the industry by FINRA in 5/2018. Wilk was registered with National Securities Corp , Laidlaw & Company and Alexander Capital earlier in his career.
If you have losses in an investment account handled by Jason A. Wilk, contact us for a no charge consultation with an experienced securities attorney to learn 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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