{"id":19455,"date":"2021-01-19T08:59:29","date_gmt":"2021-01-19T14:59:29","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19455"},"modified":"2021-01-29T15:34:23","modified_gmt":"2021-01-29T21:34:23","slug":"worden-capital-management-churning-fines","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/","title":{"rendered":"FINRA Orders Worden Capital Management to Pay Over $1.5M For Brokers\u2019 Churning"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Worden Capital Management\u2019s Settlement Includes $1.2M in Customer Restitution<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In December 2020, Worden Capital Management, a New York-based broker-dealer, arrived at an over $1.5M settlement with the Financial Industry Regulatory Authority (FINRA) over excessive trades made by the firm\u2019s registered representatives.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The self-regulatory organization (SRO) contends that from January 2015 to October 2019, the New York brokerage firm did not have the kind of supervisory system in place that would have allowed it to \u201cachieve compliance\u201d with rules having to do with churning and excessive trading.<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/\"  title=\"Continue Reading FINRA Orders Worden Capital Management to Pay Over $1.5M For Brokers\u2019 Churning\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Worden Capital Management\u2019s Settlement Includes $1.2M in Customer Restitution In December 2020, Worden Capital Management, a New York-based broker-dealer, arrived at an over $1.5M settlement with the Financial Industry Regulatory Authority (FINRA) over excessive trades made by the firm\u2019s registered representatives.\u00a0 The self-regulatory organization (SRO) contends that from January 2015 to October 2019, the New [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3775],"tags":[2659,2876,4257,4499],"class_list":["post-19455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-churning","tag-churning","tag-excessive-trading","tag-failure-to-supervise","tag-worden-capital-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Worden Capital Management Ordered To Pay Over $1.5M | New York Attorneys<\/title>\n<meta name=\"description\" content=\"Worden Capital Management is to pay over $1.5m over the negligent actions of their broker including churning and excessive trading.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Worden Capital Management Ordered To Pay Over $1.5M | New York Attorneys\" \/>\n<meta name=\"twitter:description\" content=\"Worden Capital Management is to pay over $1.5m over the negligent actions of their broker including churning and excessive trading.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/01\/bill-oxford-OXGhu60NwxU-unsplash-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Worden Capital Management Ordered To Pay Over $1.5M | New York Attorneys","description":"Worden Capital Management is to pay over $1.5m over the negligent actions of their broker including churning and excessive trading.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/","twitter_card":"summary_large_image","twitter_title":"Worden Capital Management Ordered To Pay Over $1.5M | New York Attorneys","twitter_description":"Worden Capital Management is to pay over $1.5m over the negligent actions of their broker including churning and excessive trading.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/01\/bill-oxford-OXGhu60NwxU-unsplash-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"FINRA Orders Worden Capital Management to Pay Over $1.5M For Brokers\u2019 Churning","datePublished":"2021-01-19T14:59:29+00:00","dateModified":"2021-01-29T21:34:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/"},"wordCount":587,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/01\/bill-oxford-OXGhu60NwxU-unsplash-1.jpg","keywords":["Churning","excessive trading","failure to supervise","Worden Capital Management"],"articleSection":["Broker Fraud","Churning"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/","url":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/","name":"Worden Capital Management Ordered To Pay Over $1.5M | New York Attorneys","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/01\/bill-oxford-OXGhu60NwxU-unsplash-1.jpg","datePublished":"2021-01-19T14:59:29+00:00","dateModified":"2021-01-29T21:34:23+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Worden Capital Management is to pay over $1.5m over the negligent actions of their broker including churning and excessive trading.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/01\/bill-oxford-OXGhu60NwxU-unsplash-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/01\/bill-oxford-OXGhu60NwxU-unsplash-1.jpg","width":640,"height":354,"caption":"Worden Capital Management has been ordered by FINRA to pay over $1.5m after it was found that the broker-dealer failed to properly supervise their registered representatives."},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/worden-capital-management-churning-fines\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"FINRA Orders Worden Capital Management to Pay Over $1.5M For Brokers\u2019 Churning"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; 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