Ashley Woodard Allegedly Engaged in Misrepresentation & Suitability
Ex broker Ashley Charles Woodard allegedly engaged in misrepresentation and suitability related to recommended alternative/illiquid securities, according to a Pending Customer Dispute under review by investor rights attorney Alan Rosca.
The aforementioned Dispute was filed on May 7, 2019, FINRA states, and a damage amount of $100,000 has been requested, FINRA reports.
Woodard was also the subject of a pending customer dispute that alleges that a client was purportedly misled regarding the nature and risks of multiple illiquid private placement investments which were inappropriate for her financial needs from 2011 to the present, FINRA notes. The aforementioned dispute was also filed on May 7, 2019, FINRA states, and a damage amount of $1,000,000 has been requested, FINRA reports.
A third pending Customer Dispute alleges that unsuitable and illiquid securities were recommended, and a damage amount of $1,000,000 has been requested, FINRA reports, and was also filed on May 7, 2019.
Woodard also allegedly recommended various alternative, illiquid and unsuitable securities, according to a Pending Customer Dispute. The aforementioned dispute was also filed on May 7, 2019, FINRA states, and a damage amount of $1,000,000 has been requested, FINRA reports.
Investor rights attorney Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to Ashley Charles Woodard’s alleged engagement in misrepresentation and suitability related to recommended alternative/illiquid securities. Investors who believe they may have lost money in activity related to broker Ashley Woodard’s alleged engagement in misrepresentation and suitability related to recommended alternative/illiquid securities are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
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Ashley Woodard Allegedly Advised a Client to Liquidate Her Entire Portfolio
On or about January 2016 and February 2017, Woodard allegedly advised a client to liquidate her entire portfolio and invest in unsuitable, high risk, high fee, and illiquid investments, according to a Pending Customer Dispute under review by Alan Rosca.
The aforementioned Dispute was filed on March 18, 2019, FINRA states, and damage amounts have not been requested, FINRA reports.
Woodard was also the subject of a Judgement/Lien in the amount of $53,676.00 regarding Woodard’s tax status, FINRA details. Woodard added a comment that said Lien was in regards to the tax years of 2014, 2015, and 2016, FINRA states.
Former broker Ashley Woodard has 15 years in the securities industry with ten different firms, and has been registered with NYLIFE Securities in Greenville, SC since December 21, 2017, according to Woodard’s FINRA BrokerCheck Report.
Woodard has also been registered with the following firms:
- IFS Securities, Greenville, South Carolina— February 15, 2017 to November 13, 2017
- Voya Financial Advisors, Inc., Greenville, South Carolina— June 4, 2013 to February 16, 2017
- Capital Investment Group, Inc., Greer, South Carolina— July 11, 2011 to June 28, 2013
- Brookstone Securities, Inc., Greer, South Carolina— January 8, 2009 to July 11, 2011 (FINRA expelled Brookstone Securities on October 9, 2012)
- New England Securities, Greenville, South Carolina— January 31, 2007 to January 7, 2009
- CUNA Brokerage Services, Inc., Irmo, South Carolina— February 27, 2006 to January 18, 2007
- Ameriprise Financial Services, Inc, Minneapolis, Minnesota— October 24, 2003 to February 21, 2006
- New England Securities, New York, New York— January 23, 2006 to February 16, 2006
- IDS Life Insurance Company, Minneapolis, Minnesota— October 24, 2003 to January 14, 2004
Ashley Woodard is registered in South Carolina and 6 other states, FINRA reports.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Securities Lawyer Investigating
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Ashley Charles Woodard’s alleged engagement in misrepresentation and suitability related to recommended alternative/illiquid securities. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of broker Ashley Woodard’s alleged engagement in misrepresentation and suitability related to recommended alternative/illiquid securities may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
