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
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.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.