July 2016-Garden City, New York
The FINRA records of Joseph O. Clemente, Jr. , a currently unlicensed stock broker who was last employed by Worden Capital Management , disclose a pending customer dispute and a prior finalized customer dispute, one of which alleges account churning.
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 FINRA Case# 13-01317 a customer of J.D. Nicholas & Assoc. alleged damages of $37,737 for losses related to the purchase of Celsion Corporation in January 2013. The case was settled for $7,500.
In pending FINRA Case 14-03697 brought by a customer of J.D. Nicholas & Assoc. the customer alleges damages of $57,130 for churning, negligence, unsuitability, overconcentration and failure to supervise.
Joseph O. Clemente, Jr. was employed by Worden Capital Managment from 11/2014-12/2015. Prior to that he was employed by J.D. Nicholas & Associates from 12/2011-11/2014.
If you have losses in an account handled by Joseph O. Clemente, Jr. 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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