FINRA Sanctions Jason Wilk

Soreide Law Group is investigating possible investor claims against securities broker Jason Wilk AKA Jason Andrew Wilks [CRD#: 6072438, New York, NY]. Notably, FINRA sanctioned the securities broker, who worked for Worden Capital Management. Allegedly, Wilk failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Here is a brief summary FINRA’s allegations against Wilk.

FINRA Sanctions Worden Capital Management Securities Broker Jason Wilk For Failure To Testify

Evidently, FINRA issued Case #: 2019060753502 on March 31, 2022 sanctioning Jason Wilk for infractions. Allegedly, Wilk failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Therefore, on March 31, 2022, FINRA barred the securities broker.

According to the Decision, in 2019, FINRA began an investigation into Wilk to determine whether he excessively traded a client’s account during the time that he was associated with Worden Capital Management LLC. It was alleged that Wilk’s trading between May 2018 and March 2019 caused a high turnover rate and cost-to-equity ratio. In connection with its investigation, FINRA sent Wilk the First Notice of the Complaint and the Complaint on October 27, 2021, and the Second Notice of Complaint on November 26, 2021. Wilk was required to respond by December 13, 2021, but failed to do so. Prior to that, FINRA sent a request to Wilk on July 13, 2021, to appear for on-the-record testimony. Wilk contacted FINRA staff on September 22, 2021, where he indicated that he had received the request and would appear to give testimony. On October 1, 2021, FINRA requested that Wilk give the dates that he would be available to give on-the-record testimony. Wilk never provided the dates and did not respond otherwise. Wilk violated FINRA Rules 2010 and 8210 as a result.

Jason Wilk Discloses Misrepresentation Allegations By Worden Capital Management Client

Also, a client of Worden Capital Management contested Jason Wilk’s sales practices by filing FINRA Arbitration #: 19-02607. Allegedly, Wilk made misrepresentations, breached a fiduciary duty, failed to supervise, and was negligent. Supposedly, the over-the-counter equities and stocks which Wilk sold or recommended had caused the client to sustain damages. Therefore, Worden Capital Management opted to settle the matter on June 29, 2021 by compensating the client in the amount of $162,500.

National Securities Corp. Investor Accuses Wilk Of Unauthorized Transactions

Evidently, a National Securities Corp. client filed a complaint about Jason Wilk. Notably, the client alleged that Wilk made unauthorized transactions. Because of this, the client sustained damages on over-the-counter equities. Therefore, on September 23, 2016, National Securities Corp. settled this matter by paying the client $22,500.

Jason Wilk Discloses Unsuitable Trading Allegations By National Securities Corp. Client

Also, a client of National Securities Corp. contested Jason Wilk’s sales practices, according to a complaint. Allegedly, Wilk made unsuitable transactions. Supposedly, the over-the-counter equities which Wilk sold or recommended had caused the client to sustain damages. Therefore, National Securities Corp. opted to settle the matter on September 7, 2016.

National Securities Corp. Investor Accuses Wilk Of Unauthorized Transactions

Evidently, a National Securities Corp. client filed a complaint about Jason Wilk. Namely, the client alleged that Wilk made unsuitable and unauthorized transactions. Because of this, the client sustained damages. Therefore, on July 20, 2016, National Securities Corp. settled this matter by paying the client $15,000.

Jason Wilk Discloses Unauthorized Transactions Allegations By Meyers Associates LP Client

Also, a client of Meyers Associates LP contested Jason Wilk’s sales practices by filing FINRA Arbitration #: 16-01526. Allegedly, Wilk made unauthorized and unsuitable transactions. Supposedly, the over-the-counter equities which Wilk sold or recommended had caused the client to sustain damages. Therefore, Meyers Associates LP opted to settle the matter on June 13, 2016 by compensating the client in the amount of $14,999.99.

Recent Employer Information

Jason Wilk worked for Worden Capital Management in New York, NY, as a securities broker from October 20, 2017 to April 17, 2019.

Did Worden Capital Management Securities Broker Wilk Cause You To Experience Damages?

Have you experienced damages because of securities broker Jason Wilk? If so, get in touch with Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Wilk and brokerage firms Wilk was employed by deny any and all allegations of sales practice violations.