There are options for clients of former Worden Capital Management LLC broker Biaggio Caroleo (CRD# 5256393) who suffered investment losses. Caroleo has been registered with SW Financial in New York, New York since December 2019. Previously, Caroleo was registered with Worden Capital Management LLC in New York, New York from 2016 to 2019.
Caroleo has been the subject of one customer complaint, according to his CRD report:
December 2020. “Churning and Qualitative and Quantitative Unsuitability, Breach of Fiduciary Duty, Breach of Contract, Negligent Misrepresentation and Ommissions. Activity between December 2017 – May 2018.” The customer is seeking $411,740 in damages and the case is currently pending. The complaint took place while Caroleo was registered with Worden Capital Management LLC and was regarding common and preferred stocks and equity OTC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Worden Capital Management LLC may be liable for investment or other losses suffered by Caroleo’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.