Category Archives: Cova Capital Partners

Praxedes Russi-Former Salomon Whitney Financial Broker- Discloses Customer Dispute and 5 Judgements- Farmington, NY

October 2019-Farmington, NY

The FINRA records of  Praxedes Russi ,  a  financial advisor who currently works for Worden Capital Management and who previously was employed by Salomon Whitney Financial  disclose 2 prior customer disputes and  6 outstanding judgments.

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.

FINRA case # 18-01055 filed in April 2018 by a Salomon Whitney Financial customer alleges churning, negligence, unsuitability, unauthorized trading and breach of contract.    The case settled for $7,500 and was paid individually by Russi.

Russi  discloses 6 outstanding tax liens (Federal and State of NY)  filed in Nassau County by the State of New York.

Praxedes Russi  has been registered with Worden Capital Management  since 12/2017.  His prior employment includes Salomon Whitney Financial, Cova Capital Partners and Legend Securities.

If you have losses in an account  handled by Praxedes Russi, 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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