Rockville Center, New York
UPDATE MAY 2017–Michael Valdini discloses two additional currently pending customer disputes:
- FINRA Case 16-3569- a customer of J.D. Nicholas & Assoc. alleges damages of $2.1 million for excessive trading, churning, unsuitability, unauthorized trading, and other claims.
- FINRA Case 16-2775-a customer of Worden Capital Management alleges damages of $420,847 for unsuitable investments, unauthorized trading, failure to supervise and concentration.
ORIGINAL POST-July 2016
The FINRA records of Michael A. Valdini , a stock broker who is employed by Worden Capital Management , disclose a pending customer dispute and a prior finalized customer dispute, both of which allege 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# 14-03697 a customer of J.D. Nicholas & Assoc. alleged damages of $130,345 for churning, negligence, unsuitability, overconcentration and failure to supervise. That case was recently settled for $350,000.
In a pending complaint received in April 2015 a customer of J.D. Nicholas & Assoc. alleges damages of $125,956.33 for churning, unsuitability, negligent supervision, markup or commission abuse, overconcentration and breach of fiduciary duty.
Michael A. Valdini has been employed by Worden Capital Managment since 11/2014 .Prior to that he was employed by J.D. Nicholas & Associates from 10/2008-11/2014.
If you have losses in an account handled by Michael A. 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.
Florida-561 391 1900