May 2018-Garden City, NY
The FINRA records of Gregory T. Dean , a broker who is currently employed by Worden Capital Management LLC disclose a prior regulatory matter, a pending civil matter, 5 pending customer disputes, 7 prior customer disputes and a currently pending SEC investigation.
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.
The currently pending customer disputes include:
FINRA Case 17-01971 in which a customer of Worden Capital alleges that Dean churned their account, made unsuitable recommendations and was negligent. Damages of $150,000 are sought.
FINRA Case 17-01497 in which a customer of Worden Capital alleges unsuitable recommendations, over-concentration of investments, fraudulent misrepresentation and other claims. Damages of $586,840 are sought.
FINRA Case 16-03569 in which a customer of Dean’s former employer J.D. Nicholas & Assoc. alleges that Dean churned their account and made unauthorized trades. The customer seeks damages of $2.1 million.
In 1/2017 Dean was named in a civil action filed by the US Securities & Exchange Commission alleging that Dean fraudulently used an in-and-out trading strategy that was unsuitable for customers in order to generate commissions. The SEC complaint seeks penalties, disgorgment and injunction. Case # 1:17-cv-0139, US District Court, Southern District of New York.
Gregory Dean has been employed by Worden Capital Management LLC since 11/2014. Prior to that he was employed by J.D. Nicholas & Assoc. 1/2007-11/2014.
If you have losses in an account handled by Gregory Dean, contact us for a no charge consultation.
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, at no cost to you.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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