Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

Christ Baltas: 6-Figure Churning Complaint Against Barred Melville Rep

Christ Baltas (CRD# 4127872), a stockbroker and investment adviser last employed by Worden Capital Management, has been named in customer disputes alleging his conduct resulted in losses. Financial Industry Regulatory Authority (FINRA) records disclose that Baltas, formerly based in Melville, New York, has been barred from acting as a broker or otherwise associating with a broker-dealer firm.

According to his BrokerCheck report, Christ Baltas is involved in a pending customer dispute. He was previously involved in a dispute that ended up before a FINRA arbitration panel, which ruled in favor of the customer. FINRA records also describe a 2020 FINRA enforcement action against Baltas. Per FINRA’s findings, he allegedly refused to provide on-the-record testimony requested by the regulator as part of an investigation “involving his supervision of a registered representative’s potentially unsuitable trading recommendations.” FINRA found that his refusal to appear violated FINRA rules, and indefinitely barred him from associating with any broker-dealer firm in all capacities. 

The pending customer dispute involving Christ Baltas was filed by a customer of Worden Capital Management in July 2021. It alleges churning, quantitatively unsuitable recommendations, unauthorized trading, and breach of fiduciary duty. The pending complaint alleges damages of $330,113.

Another 2021 complaint against Christ Baltas alleged fraudulent misrepresentation of material facts, omission of material facts, unsuitable recommendations, an unsuitable trading strategy, “breach of standards of commercial honor and principles of trade,” and a lack of reasonable supervision while he was employed with Worden Capital Management. A FINRA arbitration panel found Baltas liable, issuing an award of $14,419.67.

According to the Financial Industry Regulatory Authority, Christ Baltas holds 20 years of securities industry experience. He is currently barred from acting as a broker. His registration history includes Worden Capital Management (Melville, New York), Wilmington Capital Securities (Melville, New York), Kovack Securities (Fort Lauderdale, Florida), Quest Capital Strategies (Laguna Hills, California), Ladenburg Thalmann & Company (New York, New York), and Ladenburg Capital Management (Bethpage, New York). He has passed the Uniform Securities Agent State Law Examination (Series 63), the Securities Industry Essentials Examination (SIE), the General Securities Representative Examination (Series 7), and the General Securities Principal Examination (Series 24). (Information current as of November 15, 2021).

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • SEC Complaint Against AGM Advisor Vincent Camarda: Par Funding

    A complaint filed this month by the Securities and Exchange Commission alleges that A.G. Morgan Financial Advisors representative Vincent Camarda...

    Read More
  • Francis Velten: Churning Allegations Against New Port Richey Advisor

    A pending FINRA enforcement action against former Ameriprise financial advisor Francis Velten (CRD# 2291911) alleges he failed to respond to...

    Read More
  • Massapequa Advisor James McArthur Named in SEC Complaint: Par Funding

    The Securities and Exchange Commission has brought a complaint against Massapequa Financial Advisor James McArthur (CRD# 2797856). According to Financial...

    Read More
  • Matt Gates: $500K Complaint Against Fired Joseph Gunnar Advisor

    New York City financial advisor Matt Gates (CRD# 4727945) has received investor complaints alleging his recommendations resulted in six-figure damages....

    Read More
  • Previous
  • Next