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Christ Baltas Suspended by FINRA For Allegedly Failing with Comply with an Award

Feb 22, 2022 Barred Broker

Christ Baltas (CRD #: 2570499), a broker formerly registered with Worden Capital Management, has been suspended by FINRA for allegedly failing to comply with an arbitration award, according to his BrokerCheck Record accessed on February 10, 2022. Keep reading for more details regarding his suspension. 

FINRA Suspension Details

According to a complaint raised by FINRA on December 23, 2021, Christ Baltas allegedly failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of the arbitration's compliance. The suspension will continue until he makes the required payment. 

You can read a copy of the award here

On April 15, 2020, Christ Baltas was named in a customer complaint alleging fraudulent misrepresentation and omission of material facts; unsuitable recommendations and trading strategy; breach of standards of commercial honor and principles of trade (FINRA Rule 2010); and lack of reasonable supervision (FINRA Rule 3010). The Award found Christ Baltas liable for $41,919.67 plus interest, in addition to other costs. 

FINRA Bar

On September 22, 2020, Christ Baltas was barred by FINRA after allegedly refusing to appear for a FINRA on-the-record testimony relating to a FINRA investigation involving his supervision of a registered representative's potentially unsuitable trading recommendations.

You can read a copy of the bar here

Prior Disclosures

Pending Dispute

On July 8, 2021, Christ Baltas was named in a customer dispute alleging churning and unauthorized trading. The damage amount requested is $330,113.

Tax Lien

On July 12, 2017, Christ Baltas became the subject of a tax lien for $98,950. 

Background Information

Christ Baltas has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination
  • Series 24 - General Securities Principal Examination

Besides Worden Capital Management, he has also worked with the following firms:

  • Wilmington Capital Securities (CRD#:133839)
  • Kovack Securities (CRD#:44848)
  • Quest Capital Strategies (CRD#:16783)
  • Ladenburg, Thalmann & Co., (CRD#:505)
  • Ladenburg Capital Management (CRD#:14623)

Kurta Law Can Help 

If you have been victimized by Christ Baltas, don't hesitate to get in touch with us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.