Category Archives: Rockwell Global Capital

Richard Reynolds-Worden Capital Broker-Discloses 3 regulatory events, 11 customer disputes and a termination-Garden City, NY

November 2020- Garden City, NY

According to publicly available records Richard Foerster Reynolds (CRD#2162706), a stockbroker who works for Worden Capital Management  discloses three regulatory events, 11 customer disputes and a termination from employment.

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 May of 2016, the State of Illinois ordered sanctions that Reynolds would lose his registration as a salesperson in the state of Illinois for a period of two years when he could re-apply. The cost of investigation was also sanctioned in the amount of $150. Sanctions were ordered to satisfy allegations that Reynolds had been barred from the NYSE for five months after violating various New York Stock Exchange rules.

In October of of 2013, the State of Michigan denied Reynolds registration alleging that he had engaged in dishonest or unethical practices in the securities and investment business within the previous 10 years and that he was the subject of an order issued by the NYSE.

In December of 2007 the NYSE Division of Enforcement sought sanctions alleging that Reynolds 1) violated the NYSE rule of engaging in an outside business without consent 2) engaged in conduct inconsistent with just and equitable principles of trade by soliciting firm customers and others to invest in private securities transactions away from the firm and making misstatements to customers 3) sending correspondence to customers without supervisory review or approval. Sanctions were censure and a five month bar from NYSE.

From May of 2008 until April 2019, nine customer disputes were filed by customers firms that employed Reynolds -Janney Montgomery Scott, American Capital Partners and Worden Capital alleging among other things churning, over-concentration, unauthorized trading, unsuitability, misrepresentations, unsuitability, statutory and common law fraud, breach of contract, breach of fiduciary duty, negligence and negligent supervision. The cases were cumulatively settled for more than  $650,000. 

In April of 2010, American Capital Partners terminated Reynolds after allegations of insubordination and violation of firm policy.

Reynolds has been employed with Worden Capital Management since December of 2015. Before that he worked with Rockwell Global Capital, American Capital Partners, and Janney Montgomery Scott.

If you had an account with Richard Reynolds that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investorsnationwide 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

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

Abed William Lulu-Former Worden Capital Broker- Discloses 6 Regulatory Event & Customer Suits – Melville, NY

June 2019-Melville, NY

The FINRA records of  Abed William Lulu ,  a  financial advisor previously employed by  Worden Capital Management disclose 6 regulatory events,  3 prior customer disputes, 4 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.

Prior regulatory events for Lulu include:

FINRA case # 2017055568801 filed in 2/2018-Lulu failed to request termination of his previous suspension within the required time frame and was permanently barred from association with any FINRA member in any capacity.

FINRA case 2014040347901 was filed in 1/2016.   Without admitting or deny the findings, Lulu consented to the entry of findings that he failed to disclose that he was the subject of an IRS tax lien and a New York State tax lien.  He also provided false information to his member firm stating that he had no judgments or liens against him.   Lulu received a three month suspension and $5,000 fine.

In 2004,  the Colorado Division of Securities suspended Lulu as sanctions for allegations of unsuitable trading, unauthorized trading, unfair and dishonest dealings, securities fraud and failure to supervise.

In 8/2017,  a Laidlaw and Company (UK) Ltd. customer filed FINRA case #17-02227 alleging unsuitability and excessive trading.   That case settled for $23,000.

Lulu  discloses outstanding 2 currently outstanding Federal & StateTax Liens and 2 civil judgments.

Abed Lulu was registered with Worden Capital Management  from May to August of 2016.  . His prior employment in the financial industry includes Rockwell Global Capital, Rockwell Global Capital, Laidlaw and Company and Global Arena Capital.

If you have losses in an account  handled by Abed William Lulu , 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870