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Violation Tracker Individual Record

Company: Worden Capital Management LLC
Penalty: $1,550,000
Year: 2020
Date: December 31, 2020
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: FINRA sanctioned Worden Capital Management LLC more than $1.5 million, including approximately $1.2 million in restitution to customers whose accounts were excessively traded by the firm's representatives and a $350,000 fine for supervisory and other violations.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
Source of Data: (click here)
Notes: FINRA is a securities industry self-regulatory body authorized by the federal government.
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.