Joseph Francis Valdini (Joseph Valdini) Financial Advisor/Broker Barred from Securities Industry I Goodman & Nekvasil, P.A. May Recover Investor Losses
Joseph Valdini was a previously licensed financial advisor with Aegis Capital Corp., Worden Capital Management LLC, and J.D. Nicholas & Associates, Inc. According to FINRA, Joseph Valdini was barred from the securities industry indefinitely in December 2017. According to the FINRA regulatory complaint, Joseph Valdini failed to respond to FINRA’s request for information.
According to Joseph Valdini’s CRD, Joseph Valdini voluntarily resigned from Worden Capital Management LLC in January 2016. According to Joseph Valdini’s CRD, Worden Capital Management LLC reported that Joseph Valdini was accused of unauthorized trade(s). Worden Capital Management LLC also reported that Joseph Valdini submitted a letter of resignation while an internal review was taking place. Had Joseph Valdini not submitted his resignation at that time, Joseph Valdini would have been terminated, reported Worden Capital Management LLC.
According to Joseph Valdini’s CRD, two customer disputes have been filed alleging sales practice violations against Joseph Valdini.
Customer Dispute (1/29/2016): Allegations against Joseph Valdini are negligence, violations of the New Jersey Uniform Securities Law, breach of fiduciary duty, breach of contract, and respondeat superior. This customer dispute settled for $79,000.
Customer Dispute (1/18/2016): Allegation against Joseph Valdini is unauthorized trade with subsequent margin call sellouts. This customer dispute settled for $28,125.60. Joseph Valdini paid the entire settlement. Worden Capital Management LLC reported that “following an internal review of the alleged unauthorized trade, the representative finally admitted that the original trade was not authorized by the client.”
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Joseph Valdini and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Joseph Valdini’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Joseph Valdini and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 2/4/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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