Jamie Worden: Investors Claim Damages in Excess of $3 Million

Jamie Worden (CRD #: 4637404), a broker registered with Worden Capital Management, is involved in multiple investor disputes, including disputes that allege losses of over $1 million. This is according to his BrokerCheck record, accessed on September 29, 2021. Jamie Worden is the CEO of Worden Capital. He and his firm have a particularly high number of investor disputes. Jamie Worden settled three investor disputes between 2018 and 2019. Another eleven investor disputes appeared on his record from 2020 to 2021.

On August 25, 2021, an investor alleged that Jamie Worden failed to supervise. He also allegedly churned an investor account – “churning” happens when a broker executes excessive trades in order to generate commissions. The investor is seeking $3,145,266.86.

Less than a month earlier, an investor alleged that Jamie Worden violated SEC Rule 10b-5, which forbids investment advisers from using manipulative practices to sell securities. The investor is seeking $1,277,631; the dispute is pending.

Pending investor disputes on Jamie Worden’s record claim losses of over $2 million.

Regulatory Action

On December 31, 2020, Jamie Worden entered into an Acceptance, Waiver, and Consent agreement (AWC) in which he consented to the findings that his firm’s unreasonable supervisory system allowed its representatives to make unsuitable recommendations and excessively trade investor accounts. His firm’s failure to supervise allegedly resulted in more than $1 million in investor losses.

He further consented to the findings that as the owner of Worden Capital, he failed to act on dozens of red flags that indicated potentially unsuitable trades. Jamie Worden even allegedly rejected a chief compliance officer’s recommendation that at least four representatives be disciplined for unsuitable investment recommendations.

As part of the terms of the AWC, Jamie consented to a fine of $15,000 and a three-month suspension. He also had to complete 20 hours of continuing education concerning supervisory responsibilities. You can read a copy of the AWC here.

Jamie Worden Background Information

Jamie Worden has passed the following exams:

• Series 66 Uniform Combined State Law Examination
• Series 63 Uniform Securities Agent State Law Examination
• Securities Industry Essentials Examination
• Series 7 General Securities Representative Examination
• Series 24 General Securities Principal Examination

He is a registered broker in 48 states and Washington D.C.

Jamie Worden has worked with the following firms:

• Worden Capital Management (CRD #: 148366)
• Salomon Whitney (CRD #: 145012)
• John Thomas Financial (CRD #: 40982)
• Joseph Gunnar & Co. (CRD #: 24795)
• W. Bach & Company (CRD #: 43522)
• Ehrenkrantz King Nussbaum (CRD #: 113525)
• Olympia Asset Management Ltd. (CRD #: 126331)
• Murjen Financial (CRD #: 100340)

Kurta Law Can Help

If you worked with Jamie Worden and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email info@kurtalawfirm.com.