Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Worden Capital Management LLC broker Joseph Valdini (CRD# 5517610). Joseph Valdini was registered with Aegis Capital Corp. in Melville, New York from 2016 to 2017. Previously, Joseph Valdini was registered with Worden Capital Management LLC in Garden City, New York from 2014 to 2016, when he was terminated regarding, “Unauthorized trade(s).” Prior to that, Joseph Valdini was registered with J.D. Nicholas & Associates, Inc. in Syosset, New York from 2008 to 2014.
In December 2017, Joseph Valdini was barred by FINRA after he failed to respond to a FINRA request for information.
Joseph Valdini Customer Complaints
Joseph Valdini has been the subject of four customer complaints between 2016 and 2021, according to his CRD report:
August 2021. “Churning and violations of SEC Rule 10b-5; qualitative and quantitative unsuitability; breach of fiduciary contract; negligent misrepresentations and omissions; and violations of FINRA Rule 2010. Alleged activity occurred between September 2015 and September 2019.” The customer is seeking $1,277,631 in damages and the case is currently pending. The complaint was regarding equity OTC and common and preferred stocks and took place while Joseph Valdini was registered with Worden Capital Management LLC.
February 2020. “Churning/excessive trading; common law fraud; NY Consumer Protection Act violations; breach of fiduciary duty; breach of contract; negligence,negligent misrepresentation and omissions; and negligent supervision. Dates of activity are March 2015 through September 2015.” The customer is seeking $1,000,000 in damages and the case is currently pending. The complaint was regarding equity OTC and common and preferred stocks and took place while Joseph Valdini was registered with Worden Capital Management LLC.
January 2016. “Negligence, Violations of the New Jersey Uniform Securities Law, Breach of Fiduciary Duty, Breach of Contract, Respondeat Superior.” The customer sought $125,000 in damages and the case was settled for $79,000. The complaint was regarding equity OTC and common and preferred stocks and took place while Joseph Valdini was registered with Worden Capital Management LLC.
January 2016. “Unauthorized trade placed on 12/31/2015, with subsequent margin call sellouts, resulting in a loss of over $28,000 to the client.” The customer sought $28,125 in damages and the case was settled for $28,125.60. The complaint was regarding common and preferred stocks and took place while Joseph Valdini was registered with Worden Capital Management LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Worden Capital Management LLC may be liable for investment or other losses suffered by Joseph Valdini’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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