FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. William Nicholas Athas (CRD No. 3165470), Respondent. DISCIPLINARY PROCEEDING NO. 2018057883102 COMPLAINT The Department of Enforcement alleges: SUMMARY 1. From December 2014 through April 2020, Respondent William Nicholas Athas, while associated with K.C. Ward Financial (CRD No. 145135) and Worden Capital Management LLC (CRD No. 148366), churned and excessively traded nine accounts of seven different