Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on February 27, 2019 indicate that New York-based Worden Capital Management broker Richard Reynolds has received new pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Reynolds (CRD# 2162706).
Richard Reynolds has spent 25 years in the securities industry and has been registered with Worden Capital Management in Melville, New York since 2016. Previous registrations include Rockwell Global Capital in Melville, New York (2012-2015); American Capital Partners in Huntington, New York (2005-2010); Janney Montgomery Scott in Philadelphia, Pennsylvania (2001-2005); Gruntal & Company in New York, New York (1995-2001); Rickel & Associates in New York, New York (1994-1995); and South Richmond Securities (1991-1994). Mr. Reynolds is a registered broker with 15 US states and territories.
According to his BrokerCheck report, he has received six customer complaints, two pending customer complaints and three regulatory sanctions.
In December 2018 a customer alleged Richard Reynolds, while employed at Worden Capital Management, acted negligently and was negligent in his supervisory duties between April 2017 and December 2018. The customer is seeking $65,000 in damages in the pending complaint.
In November 2018 a customer alleged Richard Reynolds, while employed at Worden Capital Management, committed statutory and common law fraud, acted negligently, misrepresented material facts, breached contract, and breached his fiduciary duty between May 2016 and January 2018. The customer is seeking $56,000 in damages in the pending complaint.
In 2018 a customer alleged Richard Reynolds, while employed at Worden Capital Management, traded on margin improperly, made unsuitable investment recommendations, engaged in churning, and generated excessive commission charges. The complaint settled for $150,000.
In 2011 a customer alleged he, while employed at American Capital Partners, made unsuitable investment recommendations. The complaint settled for $164,000.
In 2010 a customer alleged he, while employed at American Capital Partners, engaged in churning, made misrepresentations of material facts related to an investment or investments, recommended unsuitable products, and effected unauthorized transactions. The complaint settled for $67,500.
In 2010 he was terminated from his position at American Capital Partners in connection to allegations of “insubordination” and contravention of company policy.
If you or someone you know has a complaint regarding Richard Reynolds, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.