According to FINRA’s BrokerCheck, New York-based Worden Capital Management broker Allan Montalbano is facing numerous customer complaints for making misrepresentations, among other allegations.Montalbano has spent 13 years in the securities industry and has been registered with Worden Capital Management in Westbury, New York since June 2015. Previous registrations include Four Points Capital Partners in Westbury, New York (2014-2015); National Securities in Westbury, New York (2010-2014); Woodstock Financial in Garden City, New York (2003-2007; 2008-2010); Chase Investment Services in Hicksville, New York (2008); NYLife Securities in Jericho, New York (2008); Pointe Capital in Bethpage, New York (2007); and AXA Advisors in New York, New York (2002-2003). He is a registered broker in 19 US states. Montalbano is currently the subject of six pending broker complaints. In March 2016, five customers filed complaints against Montalbano for conduct that occurred while he was registered with National Securities Corporation. Each complaint alleges that Montalbano made material misrepresentations, breached his fiduciary duty, and acted negligently. The customers are seeking damages that range from $150,000 to $550,000. Montalbano is also the subject of a 2015 customer complaint. That complaint claims that Montalbano made material misrepresentations, effected excessive trades, executed unauthorized trades, acted negligently, and breached his fiduciary duty. The customer is seeking $250,100 in damages. In 2009, a customer alleged that Montalbano, while employed at Woodstock Financial Group, breached his fiduciary duty, breached contract, acted negligently, and participated in the reckless and intentional misrepresentation of material facts. The complaint settled in 2010 for $140,000, though Montalbano was not named in arbitration. The Frankowski Firm would love to speak with you if you have suffered losses. If you or someone you know has lost money as a result of an investment or Ponzi scheme, please contact Richard Frankowski at 888-741-7503 to discuss your potential legal remedies or complete the contact form.