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Allan Montalbano (National Securities Broker): Complaints

Allan MontalbanoThe securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against New York-based Worden Capital Management broker Allan Montalbano (CRD# 4507029).

Allan Montalbano has spent thirteen years in the securities industry and has been registered with Worden Capital Management in Westbury, New York since June 2015. Previous registrations include Four Points Capital Partners in Westbury, New York (2014-2015); National Securities in Westbury, New York (2010-2014); Woodstock Financial in Garden City, New York (2003-2007; 2008-2010); Chase Investment Services in Hicksville, New York (2008); NYLife Securities in Jericho, New York (2008); Pointe Capital in Bethpage, New York (2007); and AXA Advisors in New York, New York (2002-2003). He is a registered broker in eighteen US states.

According to his BrokerCheck report, Allan Montalbano is the subject of one customer complaint, one pending customer complaint, and two closed customer complaints.

In 2015 a customer alleged Allan Montalbano, while employed at National Securities, executed excessive trades, engaged in unauthorized trading, misrepresented material facts, acted negligently, and breached his fiduciary duty. The customer is seeking damages exceeding $250,100 in the pending complaint

In 2015 Allan Montalbano filed for Chapter 7 bankruptcy in the United States Bankruptcy Court for the Eastern District of New York. The action remains pending.

In 2013 a customer alleged Allan Montalbano, while employed at National Securities, failed to follow instructions. The customer sought $75,000 in damages in the complaint, which was closed.

In 2013 a customer alleged Allan Montalbano, while employed at National Securities, executed unauthorized trades. The customer sought unexpected damages in the complaint, which was closed.

In 2009 a customer alleged Allan Montalbano, while employed at Woodstock Financial Group, breached his fiduciary duty, breached contract, acted negligently, and engaged in reckless and intentional misrepresentation of material facts. The complaint settled in 2010 for $140,000, though Mr. Montalbano was not named in arbitration.

If you have lost money investing with Allan Montalbano, you may be entitled to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.