Tag Archives: Gregory T. Dean

Gregory T. Dean-Worden Capital Management Broker-Discloses Customer Complaints Alleging Churning

UPDATE April 2018Gregory Dean discloses additional customer disputes on his FINRA record:

  • FINRA case 17-01971-Customer of Worden Capital Management alleges churning, unsuitability and other claims and seeks damages of $150,000.
  • FINRA case 17-1497-A customer of Worden Capital and JD Nicholas alleges unsuitability, overconcentration, excessive trading and use of margin and other claims and seeks damages of $586,840.
  • FINRA case 16-3569-A customer of JD Nicholas alleges excessive trading, churning, unauthorized trading and other claims and seeks damages of $2,115,095.

The US Securities and Exchange Commission has filed a civil action alleging that Dean used a fraudulent trading strategy that was unsuitable for customers in order to generate hefty commissions. That matter is currently pending in NY Federal court.

UPDATE MARCH 2017Gregory Dean discloses recently filed FINRA arbitration 16-02775 in which a customer of Worden Capital Management alleges damages of $420,847 for unsuitable recommendations, unauthorized trading, failure to supervise and concentration abuses.

July 2016-Rockville Ctre. , New York

The FINRA records of Gregory T. Dean ,  a stock broker who is currently employed by Worden Capital Management, disclose  a prior regulatory event,  4 prior finalized customer disputes and 3 pending 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 February 2013, while  employed by J.D. Nicholas (formerly A&F Financial Securities) Gregory T. Dean was fined $10,000 by the Arkansas Securities Department for calling Arkansas residents in violation of the Arkansas Securities Act. Case S-12-00189-13-OR01. 

The prior finalized customer disputes include:

  • FINRA Case 15-0039 in which a customer of J.D. Nicholas & Associates alleged damages of $500,000 for unsuitable trading, excessive turnover, churning and failure to supervise. That case was settled for $200,000.’
  • FINRA Case 14-03697 in which a customer of J.D. Nicholas & Associates alleged damages of $418,163 for churning, negligence, unsuitability, overconcentration and failure to supervise. That case was settled for $350,000.

The pending customer cases include:

  • FINRA Case 16-1506 in which a customer of Worden Capital Management alleges damages of $133,434 for churning, excessive trading, unsuitability, failure to supervise and violation of state blue sky laws.

Gregory T. Dean has been employed by Worden Capital Managment since 11/2014.. Prior to that he was employed by J.D. Nicholas & Associates from 1/2007-11/2014.

If you have losses in an account handled by Gregory T. Dean call to learn how you may be entitled to collect 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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