Jason Andrew Wilk (also known as Jason A. Wilks) of New York New York a stockbroker employed by Worden Capital Management LLC has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity founded on accusations that the stockbroker failed to respond to the regulator’s request for information about his activities. FINRA Case No. 2019062413201 (Nov. 25, 2019).
FINRA Public Disclosure confirms that Wilk’s lack of cooperation resulted in FINRA issuing him a Notice of Suspension on October 30, 2019 and a Suspension from Association letter on November 25, 2019. The Notice of Suspension confirmed that Wilk would be barred as of February 3, 2020 if he did not comply with FINRA by then.
FINRA Public Disclosure also indicates that Wilk is the subject of six customer initiated investment related disputes pertaining to allegations of his bad business practices during the period in which the stockbroker was employed by securities broker dealers including National Securities Corp.
On September 7, 2016, a customer initiated investment related complaint pertaining to Wilk has been settled for $15,000.00 in damages supported by allegations that when Wilk was employed by National Securities Corp., he effected over the counter equities trades in the customer’s account that failed to align with the customer’s investment circumstances and which caused the customer to incur losses.
Another customer initiated investment related complaint involving Wilk’s conduct was settled for $22,500.00 on September 23, 2016 in damages based upon allegations that when Wilk was associated with National Securities Corp., over the counter equities trades were effected in the customer’s account by the stockbroker without the customer’s knowledge or consent. Wilk is additionally referenced in a customer initiated investment related arbitration claim which has been resolved for $14,999.99 in damages based upon accusations of equities trades failing to comport with the customer’s investment profile, and transactions being effected without the customer’s approval when Wilk was associated with Meyers Associates LP. FINRA Arbitration No. 16-01526 (June 12, 2018).
In October 2019, a customer filed an investment related arbitration claim pertaining to Wilk in which the customer requested between $100,000.00 and $500,000.00 in damages supported by allegations that when Wilk was employed by Worden Capital Management. according to the claim, the stockbroker’s trades were not reasonably monitored by the securities broker dealer. Wilk breached his fiduciary obligations, and breached, misleading statements were made as to the risks of certain securities transactions effected in the customer’s account between 2017 and 2018. FINRA Arbitration No. 19-02607 (Oct. 28, 2019).
Wilk’s employment with Worden Capital Management was terminated on April 17, 2019. Since June 14, 2012, the stockbroker has been associated with two different securities broker dealers who have been expelled by securities regulators for violation of federal securities laws or who are otherwise defunct.
