Christ Elias Baltas a stockbroker formerly registered with Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Baltas failed to comply with FINRA during its investigation into accusations of his failed supervision of a stockbroker who engaged in unsuitable trading in customer accounts. Letter of Acceptance Waiver and Consent No. 2018057883101 (Sept. 22, 2020).
According to the AWC, on August 7, 2020, Baltas was under FINRA investigation for possibly engaging in violations of FINRA rules with respect to his supervision of one or more stockbrokers at Worden Capital Management LLC. Baltas was told by FINRA to appear and testify about the allegations against him.
The stockbroker told FINRA that he would not comply with its request. On September 15, 2020, FINRA personnel received an e-mail from Baltas where he acknowledged what was requested of him and what the implications were for not cooperating with that request. Baltas’s failure to make an appearance constituted his violation of FINRA Rules 2010 and 8210.
Baltas was registered with Wilmington Capital Securities between August 17, 2011 and December 3, 2015. The stockbroker was registered with Worden Capital Management between December 3, 2015 and May 29, 2020.
