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Yousuf Saljooki Formerly With Worden Capital Management LLC and SW Financial Has 11 Customer Complaints For Alleged Broker Misconduct

Who is Yousuf Saljooki formerly with Worden Capital Management LLC?

Yousuf Saljooki

Yousuf Saljooki (CRD #5045123) who was formerly registered with Worden Capital Management LLC and located in Melville, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Worden Capital Management LLC, Yousuf Saljooki was associated with SW Financial and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. There are 8 regulatory events reported on Yousuf Saljooki’s BrokerCheck report for a variety of misconduct. He was recently permanently barred for many further association with any FINRA member firm in any capacity for failing to cooperate with FINRA in one of its investigations into his alleged misconduct.

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Yousuf Saljooki Customer Complaints

Yousuf Saljookihas been the subject of 11 customer complaints that we know about to recover investment losses. Six of the customer complaints resulted in FINRA arbitration proceedings in which arbitration awards were entered against SW Financial for the advisors alleged misconduct. Two of the customer disputes were settled in favor of the investors. One customer complaint was denied and no further action was taken. There are currently 2 pending arbitration proceedings filed against Worden Capital Management for Yousuf Saljooki’s alleged misconduct.

Allegations Against Yousuf Saljooki

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

  • Churning and unsuitable investment recommendations.
  • Breach of fiduciary duty, negligent misrepresentation and omissions.
  • Use of high pressure sales tactics.
  • Excessive and hidden commissions.
  • Unsuitability, excessive commissions and breach of fiduciary relationship.
  • Unauthorized use of margin, churning, negligence, and unauthorized trading.

Yousuf Saljooki Red Flags & Your Rights As An Investor

Of course, Yousuf Saljooki 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 Yousuf Saljooki at Worden Capital Management LLC and SW Financial on alert to review carefully the activity and performance of their accounts and question whether Yousuf Saljooki 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 SW Financial 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.

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File A Claim To Recover Your Investment Losses At Worden Capital Management LLC Due To Yousuf Saljooki

If you have questions about Worden Capital Management LLC, SW Financial and/or Yousuf Saljooki 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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