Client Alleges Broker Robert Yasnis Churned Accounts

Broker Robert Ruvein Yasnis (CRD #2399141) is a currently registered broker employed with Worden Capital Management LLC (CRD #148366) of New York, NY. His previous employers include Laidlaw & Company (UK) Ltd. (CRD #119037) of Melville, NY, Buckman, Buckman & Reid, Inc. (CRD #23407) of New York, NY, and Stephen A. Kohn & Associates, Ltd. (CRD #41067) of Lakewood, CO. He has been registered with a total of 18 brokerages (four of which have been expelled by FINRA) and has been in the industry since 1993.

Yasnis is the subject of a currently pending customer dispute in which he is alleged to have engaged in “churning, unauthorized and unsuitable trading from 2014-2017.” The client is requesting damages of $148,119.00.

Similarly, on 10/31/2016, a previous customer dispute alleged “churning, excessive trading and unsuitability from 2014 to 2016.”  Damages requested totaled $76,300.00, and the case was settled for $20,000.

In 2013, Yasnis’ registration application to the state of Florida was denied after he made “a material false statement.”

Two previous customer disputes were filed in 2011, alleging “unauthorized trading.” Both were denied.

In 1997, the state of Virginia sanctioned and fined Yasnis $500 for offering and selling unregistered securities, offered by the Stella Bella Corporation.

In 1994, the state of Texas charged Yasnis with presenting himself as a registered broker, and denied him registration for a period of three years. Yasnis’ rebuttal stated that he was informed that he was, informed by his firm that he was, in fact, a registered broker in Texas.

Did You Invest With Robert Ruvein Yasnis?

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