Geoffrey Scott McCash, While Employed at Woodbury Financial Services, Allegedly Recommended Unsuitable Private Energy Placements
Geoffrey McCash, while employed at Woodbury Financial Services, allegedly recommended unsuitable private energy placements, all according to a customer complaint disclosed in publicly available records maintained by the Financial Industry Regulatory Authority (FINRA).
Said claim is still pending and was filed on March 2, 2018, FINRA notes.
The investor rights lawyers at Goldman Scarlato & Penny law firm are investigating Mr. McCash’s conduct to determine whether any investors may have claims for alleged recommendation of unsuitable private energy placements. Investors may contact investor rights attorney Alan Rosca to provide information or inquire about their legal options.
Geoffrey McCash has spent twenty-one years in the securities industry with two different firms and has been registered with Woodbury Financial Services in Worthington, Ohio since 2000. He also was registered with Roosevelt Equity Corporation in Charlotte, NC from January 29, 1997 to February 10, 2000, FINRA states.
Geoffrey McCash Allegedly Advised a Client that There Were no Spousal Continuation Provisions Available on a Fixed Annuity Held Jointly with Her Spouse, though There Was
Geoffrey McCash was also allegedly sanctioned in 2011 by the Ohio Department of Insurance, FINRA notes.
Said sanction was related to allegation that McCash reportedly advised a client that there were no spousal continuation provisions available for her on a fixed annuity held jointly with her spouse, though there in fact was, and that his advice allegedly caused an unnecessary tax consequence, FINRA states.
McCash was then issued a fine of $3,000, FINRA notes.
Brokerage firms such as Woodbury Financial Services have a responsibility to adequately supervise all of their registered representatives who are employed through their firm, to prevent violations of securities rules and regulations. Brokerage firms also must initiate action to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. If and when brokerage firms fail to adequately supervise their registered representatives, they may be held liable for investment losses sustained by customers.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Geoffrey McCash’s alleged recommendation of unsuitable private energy placements. 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, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to securities class actions.
If you or a loved one or a friend has lost money investing with Geoffrey McCash, you may contact attorney Alan Rosca or his colleagues for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.