January 2019-Garden City, NY
The FINRA records of Michael R. Rosalia , a financial advisor employed by Worden Capital Management disclose a pending customer dispute, 6 prior customer disputes, a bankruptcy filing and 9 outstanding judgment/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.
Settlements with customers of Rosalia include:
In May 2018 a client of Worden Capital Management alleged that Rosalia abused their account by churning it, using improper margin borrowing, charging high commissions and making unsuitable investments. The case was settled for $150,000.
A customer of his prior employer American Capital Partners was paid $900,000 to resolve allegations that Rosalia made unsuitable recommendations, failed to execute trades and made unauthorized trades. FINRA Case 09-5476.
In pending FINRA case 18-3760, a customer of Worden Capital allleges fraud, misrepresentation, negilgence, and breach of fiduciary duty from 5/2016-January 2018. The customer seeks damages of $56,000.
Rosalia discloses outstanding 9 currently outstanding Federal & StateTax Liens and a Chapter 13 bankruptcy filing made in 2013.
Michael Rosalia has been registered with Worden Capital Management since 12/2015. His prior employment in the financial industry includes Rockwell Global Capital and American Capital Partners. Rosalia also operates a business in Holbrook, NY, H&E Equipment Corp. , constructing and installing cabinets.
If you have losses in an account handled by Michael Rosalia , contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
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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