October 2019- NYC, NY
According to publicly available records Albert Foronda. (CRD#5737620 , a stockbroker currently registered with Spartan Capital Securities, disclose a prior customer dispute and 2 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 July 2017, a Worden Capital Management customer, alleged unauthorized trades from 7/11/2017 until 7/27/2017. The case was settled for $14,000.
In May 2019, a Spartan Capital Securities customer filed FINRA case #19-1160 alleging unsuitability, excessive trading and negligence and is seeking damages of $650,000.
In March 2018, a customer of Legend Securities and Worden Capital Management, filed FINRA case #18-01479 alleging breach of fiduciary duty, violations of NASD and FINRA Rules, breach of contract and negligence and is seeking damages of $90,000.
Albert Foronda. has been employed by Spartan Capital Securities since August of 2017. He was with Worden Capital Management from November 2016-August 2017. Before that time he was employed with Legend Securities and National Securities Corp.
If you have questions about an investment account handled by Albert Foronda. , 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.
Florida-561 391 1900