Silver Law Group is currently investigating Melville, NY based broker Joseph Francis Valdini regarding complaints pertaining to failure to provide due diligence to investor clients and placing unauthorized trades with subsequent margin call sellouts that caused major financial damages to investors.
Based on FINRA’s BrokerCheck report on Valdini, a FINRA complaint was filed on January 22, 2016 alleging that Valdini provided misleading information to investor clients during his employment at Worden Capital Management LLC. The total in damages alleged was $125,000 that was settled for $79,000. On January 18, 2016, there was also another claim filed during his employment at Worden Capital Management LLC that alleged damages of $28,125.60 related to unauthorized trading with margin call sellouts causing a loss of over $28,000 to one investor client. As a result of failing to cooperate in a FINRA investigation, Valdini has received a permanent suspension.
Valdini was previously employed at Worden Capital Management from 2014 to 2016 and at A&F Financial Securities, Inc. from 2008 to 2014. He has been employed at Aegis Capital Corp. from 2016 until his bar from the industry.
Sell outs can be potentially dangerous to investors when trades occur that are unauthorized. Part of the obligation of a broker and/or brokerage firm is to not put investors funds at risks that violate industry regulations. Doing so can put investors at risk of losing substantial amounts of capital in an instant.
Failure to provide due diligence can occur when either the broker or brokerage firm neglects their obligation to ensure that their financial advisors are properly managed according to industry standards or failing to accurately research risks associated with trades while following industry regulations. The brokerage firm is required to appoint a compliance manager to facilitate these investigations and brokers employed by the brokerage firm are expected to comply with industry regulations relating to due diligence for investor clients. If you invested your capital due to misleading information that was provided to you by a broker or by a broker that did not perform their due diligence to verify the securities you were investing with, then you have the potential of recovering some or even all of your money through FINRA arbitration.
FINRA arbitration is a streamlined way to recover your funds that were lost due to failure to provide due diligence or misrepresentation. The Silver Law Group solely works on a contingency fee basis, which means that you will not have to pay any fees upfront until we recover money for you.
Contact Our Firm if You’ve Invested with Joseph Francis Valdini
If you invested with Joseph Francis Valdini and Worden Capital Management LLC and have lost money doing so, then you have the potential to recover part or all of your losses. Our firm has many years of experience dealing with recovering investor losses from broker/brokerage misconduct and mismanagement through FINRA arbitration.
Silver Law Group is dedicated to representing the interests of investors who have been victims of investor fraud. If you have questions regarding your potential for recovery or legal rights, please contact Scott Silver or the Silver Law Group for a complimentary consultation at firstname.lastname@example.org or toll-free at (800) 975-4345.