Articles Tagged with Worden Capital Management LLC

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Allan Montalbano (Montalbano), previously associated with Worden Capital Management LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Montalbano recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $543,163.00  on June 26, 2020.

Allege that between 2014-2017, reps provided unsuitable recommendations wtih unsuitable concentrations, with unreasonable commissions and failure to konw their customer

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Allan Montalbano (Montalbano), previously associated with Worden Capital Management LLC, has at least one disclosable event. These events include one customer complaint, alleging that Montalbano recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $543,163.00 on June 26, 2020.

Allege that between 2014-2017, reps provided unsuitable recommendations wtih unsuitable concentrations, with unreasonable commissions and failure to konw their customer

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According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker David Weisberg (Weisberg), previously associated with Worden Capital Management LLC, has been subject to at least 2 disclosable events. These events include one customer complaint, one regulatory event. Several of those complaints against Weisberg  concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $47,629.58 on January 15, 2021.

Churning and quantitative unsuitability, misrepresentation and unsuitability. The alleged activity occurred between October\<char_lb_r>\, 2017 and December 2019.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Miguel Cabarcas (Cabarcas), previously associated with Worden Capital Management LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cabarcas recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $40,000.00 on March 05, 2021.

Claimant alleges that the representative recommended unsuitable investments as well as his misrepresentations relating to the unsuitable investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Antonio Almeida (Almeida), previously associated with Worden Capital Management LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Almeida recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $106,882.07 on April 26, 2021.

Time frame: December 2012 – November 2020. Claimant(s) allege unsuitable investment recommendations.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Salvatore Pizzimenti (Pizzimenti), previously associated with Worden Capital Management LLC, has at least 3 disclosable events. These events include 2 customer complaints, one regulatory event, alleging that Pizzimenti recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on June 11, 2021.

Without admitting or denying the findings, Pizzimenti consented to the sanction and to the entry of findings that he refused to provide on-the-record testimony in connection with FINRA’s investigation into his trading of customer accounts

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Marinaccio (Marinaccio), previously associated with Worden Capital Management LLC, has at least one disclosable event. These events include one customer complaint, alleging that Marinaccio recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $653,500.00 on July 07, 2021.

Failure to supervise and negligent supervision; between August 2017 and December 2019.

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According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Michael Chakos (Chakos), previously associated with Worden Capital Management LLC, has been subject to at least 2 disclosable events. These events include 2 customer complaints. Several of those complaints against Chakos  concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $330,113.00 on July 08, 2021.

Churning and quantitative unsuitability; unauthorized trading; standards of commercial honor and principles of trade; and, breach of fiduciary contract. Alleged activity dates are December 2016 through late 2020, although only activity from October 2017 forward was margin sellouts

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According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Vincent Mangone (Mangone), previously associated with Worden Capital Management LLC, has been subject to at least 2 disclosable events. These events include 2 customer complaints. Several of those complaints against Mangone  concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $330,113.00 on July 08, 2021.

Churning and quantitative unsuitability; unauthorized trading; standards of commercial honor and principles of trade; and, breach of fiduciary contract. Alleged activity dates are December 2016 through late 2020, although only activity from October 2017 forward was margin sellouts.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Borgner (Borgner), previously associated with Worden Capital Management LLC, has at least one disclosable event. These events include one customer complaint, alleging that Borgner recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $653,700.00 on July 07, 2021.

Failure to supervise and negligent supervision; August 2017 to December 2019.

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