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Mark Kolta Formerly With Worden Capital Management LLC and Aegis Capital Corp. Has 28 Customer Complaints For Alleged Broker Misconduct

Who is Mark Kolta formerly with Worden Capital Management LLC?

Mark Kolta

Mark Kolta (CRD #5324620) who was formerly registered with Worden Capital Management LLC and located in New York, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Worden Capital Management LLC, Mark Kolta was associated with Aegis Capital Corp. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Mark Kolta has had his own regulatory problems. He has been named as a Respondent in a FINRA Enforcement complaint alleging that he made unsuitable of recommendations to customers to purchase more than 4.8 million in shares of a non-traded REIT. The enforcement action is still pending.

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Mark Kolta Customer Complaints

Mark Kolta has been the subject of 28 customer complaints that we know about to recover investment losses. Twenty-four of the customer complaints have been settled by Mark Kolta’s former employers in favor of the investors. Only 2 of the customer complaints were denied and, to date, the customers have not taken any further action. There are 2 pending FINRA arbitration proceedings for his alleged misconduct.

Allegations Against Mark Kolta

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

  • Overconcentration and unsuitable investments in American Realty Capital New York City REIT.
  • Accounts were invested and unsuitable and illiquid REITs.
  • Suitability related to real estate investments. Unsuitable investment recommendations, breach of fiduciary duty, and negligence related to variable annuity contracts and REITs.
  • Fraud, breach of fiduciary duty, negligence, and breach of contract.
  • Material misrepresentations and omissions, violation of FINRA rules and unsuitable investment recommendations involving REITs and other private placements.
  • Unsuitable investment recommendations resulting in overconcentration of their accounts and annuities and alternative investments.

Mark Kolta Red Flags & Your Rights As An Investor

Of course, Mark Kolta 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 which should put all current and former customers of Mark Kolta at Worden Capital Management LLC and Aegis Capital Corp. on alert to review carefully the activity and performance of their accounts and question whether Mark Kolta has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Worden Capital Management LLC and Aegis Capital Corp. 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.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Worden Capital Management LLC Due To Mark Kolta

If you have questions about Worden Capital Management LLC, Aegis Capital Corp. and/or Mark Kolta 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.

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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.

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