February 2019-Middleton, MA
According to publicly available records Bruce C. Worthington (CRD# 2193895) , a stockbroker previously employed by Founders Financial Securities, discloses a pending regulatory event, a prior regulatory event, a pending FINRA investigation, a termination from employment and 2 currently outstanding 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.
Massachusetts regulators recently filed complaint #E·2018·0119 against Worthington claiming that from 2006 to 2018, he took money from at least one retired client Massachusetts customer and he used the investment money for his own personal use and benefit. This retired client had trusted Worthington with his account for 15 years.
In December 2018 FINRA case #2018059894201 was initiated by FINRA. Worthington failed to respond to FINRA request for information and he was suspended indefinitely.
In 9/2018, the United States Securities and Exchange Commission began an investigation into Worthington after concerns arose about his receipt and disposition of customer funds prior to 2013. This investigation is still pending.
Worthington began working for Founders Financial Securities in June of 2013. He was discharged in September of 2018, and Founders Financial made the following allegations on Worthington’s record: “The firm terminated its relationship with Mr. Worthington after concerns arose about his receipt and disposition of customer funds prior to his association with Founders Financial Securities“.
Worthington discloses a business affiliation with LifeHouse Financial Group in Rowley, MA.
If you have losses in an account handled by Bruce Worthington, contact us for a no charge consultation to learn how you may be entitled 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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