Ralph Siegfried Waller, of Peachtree City, Georgia, a stockbroker associated with Woodbury Financial Services, was referenced in a customer initiated investment related complaint filed on January 23, 2022, in which the customer requested $5,000.00 in damages based upon allegations that Waller failed to act in the customer’s best interest when recommending a variable annuity redemption during the time that Waller was associated with Woodbury Financial Services Inc. The complaint was denied on April 1, 2022.
This is not the first time that Waller has been referenced in a customer initiated investment related dispute concerning Waller’s conduct in the securities industry. FINRA Public Disclosure shows that Waller is also the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $215,000.00 in damages based upon allegations that Waller overconcentrated the customer’s account in a master limited partnership when Waller was associated with Woodbury Financial Services. FINRA Arbitration No. 20-00379 (March 8, 2021).
Waller has been associated with Woodbury Financial Services in Peachtree City, Georgia as a stockbroker since December 8, 2000, and as an investment adviser representative since August 18, 2014.
