Worden Capital Fined $1.5M for Churning in Customer Accounts

Worden Capital Management has been sanctioned over $1.5M by the Financial Industry Regulatory Authority (FINRA) for lapses in supervision leading to churning, or excessive trading, in customer accounts. Of this, $1.2M is in restitution to customers whose accounts suffered commission payouts on account of the excessive trading done by the firm’s representatives, while the balance …

Worden Capital Fined $1.5M for Churning in Customer Accounts Read More »