Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 15, 2018 indicate that New York-based Worden Capital Management broker Michael Rosalia has received several customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Rosalia (CRD# 2323953).
Michael Rosalia has spent 24 years in the securities industry and has been registered with Worden Capital Management in Garden City and Melville, New York since 2015. Previous registrations include Rockwell Global Capital in Melville, New York (2013-2015); American Capital Partners in Hauppage, New York (2006-2013); Ladenburg Thalmann & Company in New York, New York (2002-2006); Ladenburg Capital Management in Bethpage, New York (1994-2002); and Royce Investment Group in Woodbury, New York (1993-1994). he has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 13, 1993; Series 7 (General Securities Representative Examination), which he obtained on May 6, 1993; and Series 24 (General Securities Principal Examination), which he obtained on January 17, 1996. He is a registered broker with 17 US states and territories: Arizona, California, Connecticut, Florida, Georgia, Louisiana, Maryland, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Washington, and Wisconsin.
According to his BrokerCheck report, he has received five customer complaints.
In May 2018 a customer alleged Michael Rosalia, while employed at Worden Capital Management, churned investments, improperly used margin, recommended unsuitable investments, and charged high commissions. The complaint settled for $150,000.
In 2009 a customer alleged Michael Rosalia, while employed at American Capital Partners, recommended unsuitable investments, executed unauthorized trades, and failed to executed trades. The complaint settled for $900,000.
In 2000 a customer alleged Michael Rosalia, while employed at GBI Capital Partners, executed unauthorized trades, failed to follow instructions, and misrepresented material facts. The complaint settled for $50,000.
In 1997 a customer alleged he, while employed at Gaines Berland, executed unauthorized transactions and made unsuitable investment recommendations. The complaint settled for $22,500.
If you have lost money investing with Michael Rosalia, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect 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.