Last Updated: September 2023 (New York, NY)
Peter J. Malone Investigation Summary
Here’s what you need to know about New York, stockbroker Peter Malone:
- Name: Mr. Peter James Malone
- Current Employer: Spartan Capital Securities
- Previous Firms: SW Financial (FINRA expelled this firm 5/2023) , Worden Capital Management (FINRA expelled this firm 7/2022) , National Securities Corp. , Laidlaw & Company
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: NYC
- CRD 4412447
- Can Peter James Malone be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks $1.3 million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Peter Malone As Your Stockbroker?
In 3/2022 a customer of Worden Capital Management filed a FINRA arbitration alleging that Peter James Malone churned his account and traded it without authority in order to generate excessive commissions.
According to FINRA records Worden Capital Management (CRD 148366) was expelled from the securities industry by FINRA in July 2022. Recovery of damages from a broker dealer that is no longer in business and has been expelled by FINRA is problematic.
Allegations of Broker Misconduct Against Peter Malone
Customers of Peter James Malone have alleged the following wrongdoing in connection with the handling of customer accounts:
- Churning
- Excessive Commissions
- Unauthorized Trading
- Unsuitable Recommendations
- Fraud
- Breach of Contract
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Peter James Malone, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
