Category Archives: J.D. Nicholas & Associates

Douglas Lee-Former Worden Capital Management Broker-Discloses Customer Disputes-Garden City, NY

November 2019 – Garden City, NY

The FINRA records of Douglas Lee a stockbroker who was last employed by  Worden Capital Management disclose a pending customer dispute and  3 prior customer disputes.

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 August 2019 a  customer of Lee’s former employer ,Worden Capital Management, was paid $19,999 in FINRA case #19-00369 to  resolve allegations that Lee charged excessive commission, churned the account and made unsuitable transactions.

In May 2017, a customer of Worden Capital Management,  was paid $12,500 in FINRA case #17-01266 to resolve allegations of  fraud, negligent misrepresentation, breach of fiduciary duty and breach of covenants of good faith .

In July 2013 a customer of J.D. Nicholas & Associates, Inc.  settled a claim alleging unsuitable option investments and was paid  $25,000.

In pending  FINRA case #14-03697 a customer of  J.D. Nicholas & Associate alleges churning, negligence, unsuitability, over concentration and failure to supervise and is seeking damages of $57,130.

Lee  was employed by Worden Capital Management   from November 2014 until June of 2015 and with J.D. Nicholas & Associates, Inc.  from September 2009 until November 2014.

If you have questions about an account  handled by Douglas Lee  call for a no charge consultation to learn more 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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Robert P. Solow- Former Trident Partners Broker-Discloses Pending Customer Suit- Melville, NY

September 2019, Melville, NY

According to publicly available records Robert Paul Solow   (CRD# 4532161) ,  a  stockbroker who is not not registered and who last worked for Joseph Gunnar & Co. ,   disclose a pending customer dispute.

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 March of 2018,   FINRA case #18-001954 was filed by a  customer of Trident Partners, alleging unsuitable transactions and seeking damages of $370,486.   That case is still pending.

Robert Solow  was employed with Joseph Gunnar & Co  from October 2016 until December  2017.  He was with Aegis Capital Corp.  from December 2015 until March of 2016.   Before that time he was with Worden Capital Management, J.D. Nicholas & Associates, Rockwell Global Capital and Trident Partners, LTD.   

If you have questions about an investment account handled by Robert Paul Solow,  contact us for a no charge consultation 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Worden Capital Brokers Gregory Dean and Donald Fowler Named in SEC Complaint

MAY 2018 UPDATESee this for update on pending customer disputes. 

ORIGINAL POST –January 2017-Syosset, NY

The U.S. Securities and Exchange Commission filed a complaint against two former J.D. Nicholas brokers alleging that they failed to perform adequate due diligence relating to the risks and rewards of frequent trading strategy in 27 customer accounts which earned over $800,000 in commissions. SEC v. Gregory T. Dean and Donald J. Fowler, Case 1:17-cv-00139. 

According to the Complaint, both Dean and Fowler have disciplinary histories. Nine of Dean’s customers filed FINRA arbitrations or complaints against him. Ten of Fowler’s customers filed arbitrations or complaints against him.

In currently pending FINRA case # 16-2775, a customer of Worden Capital is seeking damages of over $420,000 and alleges that Dean made unsuitable recommendations, over concentrated the account and made unauthorized trades.

J.D. Nicholas (formerly A&F Financial Services) was incorporated in Florida in 1997 and maintained its offices in Syosset, NY.

Dean and Fowler are currently registered with Worden Capital Management. 

If you have questions about your account and the way it has been handled, call to discuss your options with an experienced securities attorney.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870