Praxedes Russi of Garden City, New York, a stockbroker registered with Worden Capital Management LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $15,974.00 in damages based upon allegations that Russi churned the customer’s account, charged the customer excessive commissions, made unauthorized and unsuitable transactions, was negligent,  and defrauded the customer in connection with the recommendation and sale of securities while Russi was associated with Worden Capital Management LLC. FINRA Arbitration No. 22-00347 (Mar. 21, 2022).

FINRA Public Disclosure shows that Russi is referenced in other customer initiated investment related disputes concerning Russi’s conduct while associated with securities broker dealers, including First Liberty Investment Group. On January 19, 1999, a customer filed an investment related complaint involving Russi’s conduct in which the customer requested $78,523.97 in damages based upon allegations that Russi made misrepresentations and failed to follow the customer’s instructions relating to the recommendation and sale of over-the-counter equities when Russi was associated with First Liberty Investment Group.

On April 6, 2018, a customer initiated investment related FINRA securities arbitration claim involving Russi’s conduct was settled for $7,500.00 in damages based upon allegations that Russi churned the customer’s account, was negligent, made unsuitable and unauthorized transactions, and breached a contract with regard to the recommendation and sale of common stocks and preferred stocks during the time that Russi was associated with SW Financial. FINRA Arbitration No. 18-01055.

Praxedes Russi was associated with SW Financial in Melville, NY, as a stockbroker from August 31, 2020 to September 14, 2022. Russi was associated with Fox Chase Capital Partners LLC in Springfield, NJ, as a stockbroker from July 13, 2022, to November 1, 2022. He has been associated with Traderfield Securities Inc. in Flushing, NY, as a stockbroker, since July 1, 2022.