10.0David P Neuman
(720) 599-3505

INVESTOR ALERT: Donald Woods of LPL is SUSPENDED – Louisville, KY

SEARCH OUR BLOGS
07
May

INVESTOR ALERT: Donald Woods of LPL is SUSPENDED – Louisville, KY

Posted by admin | 0 Comment
INVESTOR ALERT:  Donald Woods of LPL is SUSPENDED – Louisville, KY

Donald Woods, formerly with LPL Financial, Suspended Six Months by FINRA

Have you lost money with financial advisor Donald S. Woods from Louisville, Kentucky?  We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Donald Woods. FINRA filed a complaint against Woods regarding allegations while he was affiliated with LPL Financial.  Woods was alleged to have improperly inflated customers’ net worths on applications to buy investments like REITs (real estate investment trusts).  Woods was suspended for 6 months from the securities industry, fined $10,000, and ordered to disgorge $5,600 in commissions.

Donald Woods was a registered representative and financial advisor with LPL Financial from 2010 to January 2017.  He was also affiliated with Thurston Springer Miller from December 2016 to August 2018. He worked out of a branch office in Louisville, Kentucky.  Woods has also been the subject of at least eleven customer complaints.

Broker-dealers like LPL Financial have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives.  Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations.  When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers. 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Kentucky.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against LPL Financial.

IF YOU HAVE LOST MONEY WITH DONALD WOODS OR LPL FINANCIAL, AND WANT TO HEAR ABOUT ALL LEGAL OPTIONS, PLEASE VISIT www.israelsneuman.com OR CONTACT US AT 720-599-3505.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

FREE CASE EVALUATION

DENVER: (720) 599-3505

SEATTLE: (206) 795-5798


Copyright © 2020 Israels Neuman, PLC. All Rights Reserved | Sitemap