Worden Capital Jason Wilk Investor Alert: Ex-Broker Barred by FINRA

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Updated on: March 14, 2022

National investment fraud lawyers KlaymanToskes is investigating Jason Wilk in light of his recent bar from the securities industry for failing to provide testimony relating to an excessive trading investigation. Read more below to learn about KlaymanToskes’ Worden Capital Jason Wilk Investigation.

What is Excessive Trading?

Per FINRA, excessive trading occurs when a broker recommends a high number of trades that, in the aggregate, fail to align with the customer’s investment goals and financial circumstances.

Churning involves the broker’s intent to defraud the customer or was carried out with reckless disregard for a customer’s interests. Churning is considered securities fraud.

FINRA Investigates Jason Wilk for Excessive Trading

In 2019, FINRA began investigating Wilk to determine whether Wilk excessively traded a customer’s account. According to FINRA, the former Worden Capital broker’s trading in the customer account between May 2018 and March 2019 resulted in a high cost-to-equity ratio and a turnover rate that indicated excessive trading had occurred.

Suffer Investment Losses from Excessive Trading in your Account?

According to FINRA, brokerage firms and its financial advisors that excessively traded or “churn” a brokerage account are in violation securities industry rules and regulations. KlaymanToskes can help you determine whether an investment loss is the result of a financial brokerage firm and their financial advisor’s excessive trading or “churning of an investment account. If an investor suffers losses as a result of excessive trading or “churning they may be able recover their losses in a FINRA arbitration claim.

Jason Wilk Failed to Provide Testimony to FINRA

Wilk was required to appear and provide testimony, but he failed to do so. On March 3, 2022, FINRA barred Wilk from associating with any FINRA member in all capacities.

Worden Capital Jason Wilk Investigation – Customer Dispute Involving Jason Wilk

According to BrokerCheck, in October 2019, a customer filed a FINRA arbitration claim against Wilk alleging common law fraud, negligent misrepresentation, breach of fiduciary duty, failure to supervise, and negligence. Worden Capital was the employing firm at the time.

The claim settled for $162,500.

Jason Wilk’s Registration History

According to BrokerCheck, Wilk was registered with the following firms:

  • Worden Capital Management (New York, NY; October 2017 to April 2019)
  • Craft Capital Management (New York, NY; May 2017 to September 2017)
  • Windsor Street Capital (New York, NY; November 2016 to January 2017)
  • National Securities Corporation (New York, NY; August 2015 to May 2016              
  • Meyers Associates, L.P. (New York, NY; November 2013 to September 2015)
  • Laidlaw & Company (Uk) Ltd. (New York, NY; September 2013 to November 2013)
  • National Securities Corporation (Iselin, NJ; December 2012 to September 2013)
  • Alexander Capital (New York, NY; June 2012 to November 2012)

About KlaymanToskes

KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. KlaymanToskes has recovered more than $230 million for investors in FINRA arbitrations. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.


Lawrence L. Klayman, Esq.