| Read Time: 3 minutes |


Gregory Dean Formerly with Worden Capital Management Has 13 Customer Complaints for Alleged Broker Misconduct

Who is Gregory Dean formerly with Worden Capital Management?

Gregory Dean (CRD #4922996) who was formerly registered with Worden Capital Management and located in Rockville Centre, New York is a subject of one of our many securities industry sales practice abuse investigations.

Our investigation was precipitated by the two investigations of the regulators, the United States Securities and Exchange Commission (SEC), and FINRA. In August 2019, FINRA permanently barred Gregory Dean from any association with any FINRA member firm in any capacity for allegedly engaging in churning and quantitatively unsuitable trading in the accounts of customers. 

That same year, the SEC settled a civil action, it filed against Gregory Dean and permanently enjoined him from further violations of the federal securities laws.

Gregory Dean Customer Complaints

Gregory Dean has been the subject of13 customer complaints that we know about. Twelve of Gregory Dean’s 13 customer complaints were settled in favor of investors.

There is currently one pending customer complaint filed against Worden Capital Management for investment losses caused by Gregory Dean’s alleged misconduct.

Allegations Against Gregory Dean

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Alleged claims involve churning, negligence, unsuitability, overconcentration, and failure to supervise by Gregory Dean.
  • Churning and excessive trading, unsuitability, violation of FINRA rules, State Blue Sky Laws, and Section 10(B) and Rule 10B-5 of the exchange act of 1934, violation of FINRA Rules 2010, IM-2310-2, and 2020, failure to supervise allegedly committed by Gregory Dean.
  • Churning, unsuitability, negligent supervision, markup or commission abuse, breach of fiduciary duty allegedly made by Gregory Dean.
  • Churning, unsuitability, negligent supervision, markup or commission abuse, overconcentration, breach of fiduciary duty allegedly committed by Gregory Dean.
  • Churning; unsuitability; breach of fiduciary duty; common law fraud; breach of contract; negligent supervision allegedly by Gregory Dean.
  • Excessive Commission, Churning, and Unsuitable Transactions allegedly committed by Gregory Dean.
  • Excessive trading, Churning, Unsuitability, Unauthorized Transactions, Failure to Supervise, Respondent Superior, Ownership Liability allegedly by Gregory Dean.
  • Failed to follow instructions on a stop-loss order. Request to recover losses on missed stop-loss allegedly made by Gregory Dean.
  • Unsuitable trading, excessive turnover/churning by Gregory Dean.
  • Unsuitability and overconcentration; excessive trading and margin abuse; failure to supervise; breach of fiduciary duty; negligence; fraudulent misrepresentation; and, breach of contract allegedly by Gregory Dean.
  • Unsuitable Investments and Negligent Account Management; Churning; Misrepresentations, omissions, and violations of the Indiana Securities Act and Regulations thereunder, Breach of contract; Breach of fiduciary duty and Constructive Fraud; Violations of the FINRA Conduct Rules and NYSE Rules by Gregory Dean.

Gregory Dean Red Flags & Your Rights as An Investor

Of course, Gregory Dean did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags that should put all current and former customers of Gregory Dean at Worden Capital Management on alert to review carefully the activity and performance of their accounts and question whether Gregory Dean has engaged in any stockbroker misconduct that may have caused them investment losses.

A large number of customer complaints at Worden Capital Management also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses at Worden Capital Management Due to Gregory Dean

If you have questions about Worden Capital Management, and/or Gregory Dean and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars