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Mark Kolta: Complaints Against Garden City Financial Advisor

Investor complaints against Garden City, New York broker Mark Kolta (CRD#: 5324620) allege conduct including misrepresentations, breaches of fiduciary duty, suitability violations, breach of contract, and more. Kolta is a representative of Worden Capital Management, where he has been registered since 2018, according to information drawn from Financial Industry Regulatory Authority records.

A pending August 2019 complaint alleges that Mark Kolta committed fraud, breached his fiduciary duty, acted negligently, and breached contract while a representative of Aegis Capital. The complaint alleges damages of $240,000.

A pending April 2019 complaint alleges that Mark Kolta breached his fiduciary duty, acted negligently, and made unsuitable investment recommendations. The complaint alleges damages of $300,000.

A pending February 2019 complaint alleges that he made unsuitable recommendations, breached contract, acted negligently, and breached his fiduciary duty in connection to investments in fixed annuities and non-traded real estate investment trusts. The complaint alleges unspecified damages.

A pending 2018 complaint alleges that as a representative of National Securities Corporation, he misrepresented material facts, acted negligently, breached his fiduciary duty, and breached contract. The complaint alleges damages of $422,000.

A 2018 complaint alleged that as a representative of National Securities Corporation, he breached his fiduciary duty, made misrepresentations of material facts, acted negligently, and recommended unsuitable investments. The complaint reached a settlement of $47,500.

A 2015 complaint alleged that as a representative of National Securities Corporation, he failed to follow instructions connected to structured products investments. The complaint reached a settlement of $4,999.

Mark Kolta has been registered as a broker with Worden Capital Management in Garden City, New York since 2018. His employment history includes Aegis Capital Corporation in New York City; National Securities Corporation in New York City; Cetera Advisors in New York City; Chase Investment Services in New York City; and Merrill Lynch in Edison, New Jersey. He currently holds three state licenses and has passed three securities industry qualification examinations.

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