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Customer Complaints Against Allan Montalbano

Allan MontalbanoPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on April 25, 2016 indicate that New York-based Worden Capital Management broker Allan Montalbano is the subject of settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Montalbano (CRD# 4507029).

Allan Montalbano has spent 13 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 19 US states.

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

In March 2016, a customer alleged that Allan Montalbano, while employed at National Securities Corporation, breached his fiduciary duty, negligently misrepresented material facts, and acted negligently. The customer is seeking $150,000 in damages in the pending complaint.

In March 2016, a customer alleged that Allan Montalbano, while employed at National Securities Corporation, breached his fiduciary duty, acted negligently, and misrepresented material facts related to an investment. The customer is seeking $250,000 in damages in the pending complaint.

In March 2016, a customer alleged that Allan Montalbano, while employed at National Securities Corporation, acted negligently, breached his fiduciary duty, and misrepresented material facts. The customer is seeking $500,000 in damages in the pending complaint.

In March 2016, a customer alleged that Allan Montalbano, while employed at National Securities Corporation, acted negligently, negligently misrepresented material facts, and breached his fiduciary duty. The customer is seeking $200,000 in damages in the pending complaint.

In March 2016, a customer alleged that Allan Montalbano, while employed at National Securities Corporation, breached his fiduciary duty, misrepresented material facts related to an investment, and acted negligently. The customer is seeking $550,000 in damages in the pending complaint.

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

In 2009, a customer alleged that Allan Montalbano, while employed at Woodstock Financial Group, breached his fiduciary duty, breached contract, acted negligently, and participated in the 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 suffered losses while investing with Allan Montalbano, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency; we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.