Has anyone hear of Worden Capital Mgmt?

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Feb 25, 2010 1:53 pm

Hi guys. Any information on the firm would be greatly appreciated. I have an interview with them today and I want to know if they're legit. They seem a little sketchy to me.



Thanks

Feb 25, 2010 1:59 pm

i know but I just found this registered rep forum today so I signed up and figured I would give it a shot

Feb 25, 2010 2:15 pm

This is a brand new firm, FINRA approved for only a year. The firm's founder (Mr. Wordan) has only been in the business since 03', and the firm itself is not yet approved for several types of business (no munis etc.). Take a look at public CRD, and while you are at it look at the records of all of the principals. You simply sould not be looking at firms in this enviornment without knowing how to use this valuable tool.

Feb 25, 2010 2:19 pm

I did some searching and I think that Mr. Worden may have been a manager or CEO at some capacity with John Thomas Financial which I understand is a shop chop.



Icebear - What valuable tool are you referring to? I am relatively new to this industry so sorry for the ignorance

Feb 25, 2010 3:36 pm
cmc032:

I did some searching and I think that Mr. Worden may have been a manager or CEO at some capacity with John Thomas Financial which I understand is a shop chop.

Icebear - What valuable tool are you referring to? I am relatively new to this industry so sorry for the ignorance

Broker Check on the www.finra.org website
Feb 4, 2017 10:16 pm

Registered for this site just to comment once. My broker of a few years explained to me the fees at Worden capital after I transferred my account from another clearing broker. I'm appalled. After I made a few trades, I realized $100 total per transaction just for the "transaction fees". Almost triple the cost (not including commission) I had already alerted my state securities department about this egregiousness. They had immediately contacted a colleague of mine whom I had referred to my advisor in the past. It was made known to me by my advisor (to his credit isn't happy at the company) that the company imposes a ton of fees and charges to brokers In addition to taxing clients on every opportunity. Seems like ownership is run by a modern day theological Mammon.

Disclaimer: I will be opening a class group to potentially take action.

Reply if necessary.