Worden Capital Fined $1.5M for Churning in Customer Accounts Read More »
source https://financialadvisorcomplaints.com/worden-capital-fined-1-5m-for-churning-in-customer-accounts/
Saturday, 24 April 2021
Worden Capital Fined $1.5M for Churning in Customer Accounts
Worden Capital Management has been sanctioned over $1.5M by the Financial Industry Regulatory Authority (FINRA) for lapses in supervision leading to churning, or excessive trading, in customer accounts. Of this, $1.2M is in restitution to customers whose accounts suffered commission payouts on account of the excessive trading done by the firm’s representatives, while the balance …
source https://financialadvisorcomplaints.com/worden-capital-fined-1-5m-for-churning-in-customer-accounts/
source https://financialadvisorcomplaints.com/worden-capital-fined-1-5m-for-churning-in-customer-accounts/
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