Edward Barnett Woll of Atlanta Georgia the former Chief Compliance Officer of JP Turner Company has been identified in a customer initiated investment related arbitration claim where the customer sought $1,750,000.00 in damages founded on accusations that (1) Woll did not supervise the stockbroker who effected inappropriate trades in the customer’s account (2) the customer was provided with bad investment recommendations especially relating to real estate investment trusts which were unsuitable for the customer in view of the customer’s objectives for investing and tolerance for risk and (3) omissions had been made in regard to the securities transactions effected by the stockbroker when Woll was CCO. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01690 (Aug. 20, 2019).
FINRA Public Disclosure reveals that Woll has been referenced in five more customer initiated investment related disputes concerning accusations of his improprieties when he was associated with securities broker dealers including JP Turner. Particularly, a customer filed an investment related arbitration claim in reference to Woll’s conduct where the customer sought $69,768.00 in damages based upon accusations that the customer’s equity portfolio was mismanaged, the customer was poorly advised, trades were effected on an unsuitable basis, and the customer had been defrauded through the stockbroker’s activities while under Woll’s command. FINRA Arbitration No. 17-00955 (Apr. 18, 2017).
Another customer initiated investment related arbitration claim pertaining to Woll’s conduct has been settled for $38,000.00 in damages supported by allegations that information relating to investment transactions had been concealed from the customer precluding the customer from fully comprehending the risks of investing in municipal bonds and corporate bonds, recommendations failed to be suitable because of investment failing to align with the customer’s investment profile, and the customer’s account had been negligently administered by one of Woll’s subordinate stockbrokers exposing the customer to undue losses. FINRA Arbitration No. 16-03441 (June 21, 2017).
Woll is also referenced in a customer initiated investment related arbitration claim in which the customer requested $140,000.00 in damages based upon allegations that due diligence was not adequately performed by the stockbroker prior to investment recommendations being made to the customer, and oil and gas securities transactions effected when Woll was associated with JP Turner failed to be suitable for the customer given the customer’s risk tolerance, investment objectives or overall circumstances. FINRA Arbitration No. 17-03034 (Jan. 8, 2018).
Also, a customer filed an investment related arbitration claim concerning Woll’s activities where the customer sought $200,000.00 in damages founded on accusations that transactions that the stockbroker effected were not reasonably supervised by Woll, omissions had been made to the customer in regard to the terms and conditions of real estate securities, false or misleading statements induced the customer to invest in products that the customer would not have otherwise invested in, the customer’s account contained an excessive concentration in speculative real estate investment trusts, and the customer was provided with investment recommendations which were unsuitable in view of the customer’s objectives for investing and tolerance for risk. FINRA Arbitration No. 19-00586 (Feb. 27, 2019).
Woll’s registration with JP Turner has been terminated as of March 9, 2016. He became registered with The Strategic Financial Alliance Inc. on April 12, 2016.