Gregory Dean, previously with Worden Capital Management, Barred from Securities Industry
Have you lost money with financial advisor Gregory Dean? We are investigating allegations made about Gregory Thomas Dean from Rockville Centre, New York. FINRA (the Financial Industry Regulatory Authority) barred Dean from the securities industry.
FINRA was investigating Gregory Dean, a broker who previously worked with Worden Capital Management, regarding allegations that Dean engaged in excessive trading or churning between December 2014 and December 2017. FINRA alleged that several of Dean’s customers had cost-to-equity ratios between 38% and 130%. To put this in perspective, if an account had a cost equity ratio of 38%, that means the trading in the account would have to make a 38% profit just to break even from the costs of trading.
Gregory Dean was a financial advisor and registered representative of Worden Capital Management from November 2014 to June 2019. He worked at a branch office in Rockville Centre, New York. Dean has also been the subject of fourteen customer complaints, and he was previously the subject of an action by the SEC.
Brokerage firms like Worden Capital Management have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including New York. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past.
Click to view: Dean, Gregory FINRA AWC
Click to view: Dean, Gregory BrokerCheck 8.16.19
If you lost money with Gregory Dean or Worden Capital Management, please CONTACT US at 720-599-3505 for a free evaluation of your case.