Joseph F. Valdini-Former Aegis Capital Broker-Barred From Securities Industry by Regulator & Customer Suits-Melville, NY

Joseph F. Valdini-Former Aegis Capital Broker-Barred From Securities Industry by Regulator & Customer Suits-Melville, NY

Joseph F. Valdini-Former Aegis Capital Broker-Barred From Securities Industry by Regulator & Customer Suits-Melville, NY 150 150 Robert Rex, Esq.

Joseph F. Valdini Investigation

March 2022-Melville, New York

The FINRA records of Joseph F. Valdini ,  a former stock broker who was last employed in the industry by Aegis Capital Corp. , disclose a regulatory matter, 2 pending customer disputes, 2 prior finalized 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.

FINRA records disclose that Joseph F. Valdini was permanently barred from the securities industry by FINRA in 12/2017 for failing to respond to a request for information in connection with a FINRA investigation.

In pending FINRA case 21-1931 a customer of Worden Capital Management seeks damages in excess of $1.2 million and alleges that Valdini made unsuitable recommendations and churned the account.

In another pending matter, FINRA case 20-526, a customer of Worden Capital seeks damages of at least $1 million and alleges account churning, negligence and violations of the NY Consumer Protection Act.

The prior finalized customer disputes include:

  • FINRA Case 16-0216 in which a customer of Valdini while he was employed by Worden Capital Management alleged damages of $125,000 for negligence, violation of New Jersey Uniform Securities Act, breach of fiduciary duty and other claims. That case was settled for $79,000.
  • In January 2016 a customer of Worden Capital Managment alleged that Valdini made an unauthorized trade in his account on 12/31/2015 resulting in losses of $28,125. The case was settled for $28,125 and Worden Capital Management made the following statement on FINRA records: “Following an internal review of the alleged unauthorized trade, the representative finally admitted that the original trade was not authorized by the client. The firm offered and the  client accepted a settlement in which the trades in question were cancelled and the client made whole.”

On 1/27/2016 Valdini voluntarily resigned from Worden Capital Management who made the following statement on the FINRA record: “The representative submitted a letter of resignation while an internal review was taking place. Had he not submitted his resignation at that time the representative would have been terminated.”

Valdini was employed by Aegis Capital from 2/2016-5/2017. He was employed by Worden Capital Managment from 11/2014-1/2016 .Prior to that he was employed by J.D. Nicholas & Associates from 9/2008-11/2014.

If you have losses in an account handled by Joseph F. Valdini 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 


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