Phillip Todd Cartwright of Appleton, Wisconsin, a stockbroker registered with Woodbury Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Cartwright overconcentrated the customer’s portfolio in direct investments, made unsuitable recommendations, and omitted material facts about features of investments. FINRA Arbitration No. 22-02779 (October 2, 2023).
This is not the first time that Cartwright has been referenced in a customer initiated investment related dispute concerning Cartwright’s conduct in the securities industry. FINRA Public Disclosure shows that Cartwright was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Cartwright failed to perform due diligence on direct investments and made unsuitable recommendations to the customer when Cartwright was associated with Woodbury Financial Services Inc. FINRA Arbitration No. 20-01409 (October 29, 2021).
Cartwright has been associated with Osaic Wealth Inc. in Appleton, Wisconsin since January 19, 2024. Cartwright was associated with Woodbury Financial Services Inc. in Appleton, Wisconsin from September 28, 2011, to January 19, 2024.
