FINRA Sanctions & Allegations of Misconduct

According to his CRD Report, Yousuf Saljooki (CRD #5045123) of WORDEN CAPITAL MANAGEMENT LLC (CRD #148366) in Melville, New York was assessed a deferred fine of $20,000 and suspended from association with any FINRA member in all capacities for nine months and consented to the sanctions and to the entry of findings that he willfully failed to timely disclose an unsatisfied federal tax lien in the amount of $227,859.29. Furthermore, Saljooki failed to timely respond to FINRA’s requests for documents and information during its investigation into the federal tax lien and his use of the other representative’s code. The suspension is in effect from August 5, 2019, through May 4, 2020.

Yousuf Saljooki has other complaints of wrongdoing reported on his regulatory file

The CRD Reports of Yousuf Saljooki includes the disclosure of other customer complaints, which were settled for substantial sums. These types of complaints are serious red flags that evidence a pattern of unsuitable investment recommendations in order to generate commissions and income for themselves, at the expense of their clients.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Yousuf Saljooki or WORDEN CAPITAL MANAGEMENT LLC, or SW FINANCIAL, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.