David Wayne Woolford of Philadelphia Pennsylvania a stockbroker formerly registered with J.P. Morgan Securities LLC is the subject of a customer initiated investment related written complaint which settled on July 28, 2017 for $9,998.46 in damages based upon allegations that between October 1, 2013 and March 15, 2017, the customer was placed in a common rights value investment that was not suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Woolford has been referenced in three more customer initiated investment related disputes pertaining to accusations of Woolford’s violative conduct while employed by J.P. Morgan Securities LLC and UBS Financial Services Inc. In particular, a customer initiated investment related arbitration claim regarding Woolford’s activities was resolved for $54,700.00 in damages based upon allegations that unsuitable Lehman Notes transactions were placed in the customer’s account. FINRA Arbitration No. 11-02000 (Feb. 11, 2013).
On April 17, 2014, another customer initiated investment related arbitration claim that concerned Woolford’s conduct was settled for $436,925.00 in damages supported by accusations of omission and misrepresentation in reference to structured notes products effected in the customer’s investment portfolio. FINRA Arbitration No. 13-00725 (Apr. 17, 2014). Then, a customer initiated investment related complaint regarding Woolford’s activities was resolved for $14,533.87 in damages founded on allegations of suitability pertaining to the customer’s equity holdings between October of 2013 and March of 2017.
Woolford’s registration with J.P. Morgan Securities LLC was terminated on September 21, 2016.
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