Christ Baltas, formerly with Worden Capital Management, Barred by FINRA
Have you lost money with financial advisor Christ Elias Baltas? We are looking into allegations made about Christ Baltas from Melville, New York. FINRA (the Financial Industry Regulatory Authority) barred Baltas from the securities industry. FINRA alleged that Baltas has failed to respond to its investigation regarding allegations that he failed to supervise a representative of his brokerage firm, Worden Capital Management, for potentially unsuitable trading.
Christ Elias Baltas was a financial advisor and registered representative of Worden Capital Management from December 2015 to May 2020. He worked in a branch office in Melville, New York. Baltas has also been the subject of a tax lien and a civil judgment.
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; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including throughout New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past.