Securities Arbitration Lawyers BlogFINRA Bars Former Worden Capital Broker Christ Baltas
Christ Baltas (Christ Elias Baltas CRD: 2570499) is a former registered broker whose last known employer was Worden Capital Management LLC (CRD#:148366) of Melville, NY. His previous employers include Wilmington Capital Securities, LLC (CRD#:133839) also of Melville, Kovack Securities Inc. (CRD#:44848) of Fort Lauderdale FL, and Quest Capital Strategies, Inc. (CRD#:16783) of Laguna Hills, CA. He has been in the industry since 1995.
In August of 2020, FINRA sent Baltas a notice to appear for on-the-record testimony in relation to its investigation of his supervision of a registered representative. This representative had made trading recommendations that were potentially unsuitable while Baltas was a supervisor. Although Baltas acknowledged receipt of FINRA’s notice, he notified staff that he would not be appearing for testimony at any time.
After declining to assist with FINRA’s investigation, FINRA issued sanctions which include an indefinite bar from any association with an associated firm. After signing the Acceptance, Waiver & Consent (AWC) letter, consenting to the sanctions, he became barred on 9/22/2020.
Two additional disclosures are liens. The first is a tax lien from 2017 in the amount of $98,950.00, and the second is a civil lien in the amount of $2,301.20. No additional information is available.
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Our securities and investment fraud attorneys have handled hundreds of stockbroker misconduct cases representing investors in FINRA arbitration claims and other disputes. FINRA arbitration, commonly referred to as securities arbitration, is a way most stockbroker misconduct cases are resolved. The SEC mandates that all brokerage firms submit customer disputes to arbitration.
Customer account agreements typically require the customer to also agree to the process. The FINRA code of arbitration dictates the procedure which is intended to be faster and cheaper than going to court. Our attorneys have recovered millions of dollars for investors and are fully familiar with the unique language and requirements of the code of arbitration.
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Did You Invest With Christ Elias Baltas?
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