Stephen John Woods of Hauppauge New York is a stockbroker formerly registered with PHX Financial Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he obstructed a FINRA investigation into allegations of his trading in customer accounts. Letter of Acceptance Waiver and Consent No. 2017052732401 (Mar. 15, 2018).

According to the AWC, FINRA launched an investigation into Woods during the time that he was associated with PHX Financial, Inc. Apparently, on December 1, 2017, a request was sent by FINRA personnel to Woods according to FINRA Rule 8210, where Woods was asked to provide information and documentation to FINRA personnel so that FINRA could examine Woods’ trading activities for potentially violative conduct.

The AWC revealed that Woods’ counsel provided FINRA personnel with a response on December 28, 2017, confirming that Woods was cognizant of FINRA’s request but would not be providing the information and documentation at any point. FINRA found that Woods’ failure to cooperate in the investigation was violative of FINRA Rule 2010 and 8210, which led to Woods having been barred by FINRA in all capacities.

This is not the first time that Woods has been sanctioned by FINRA for misconduct. In particular, Woods has been fined $5,000.00 and suspended from associating with any FINRA member in any capacity by consenting to findings that he settled a customer dispute away from his former employer Point Capital, Inc; conduct violative of National Association of Securities Dealers (NASD) Conduct Rule 2110. Letter of Acceptance, Waiver and Consent, No. 2008015754101 (Jul. 23, 2009). Woods was fired from Pointe Capital, Inc. on April 21, 2008, based upon accusations that he solicited customers to transfer their investments away from Point Capital during the time that Woods was still registered with the firm.

FINRA Public Disclosure additionally reveals that on July 24, 2013, a customer filed an investment related written complaint that pertained to Woods’ conduct in which the customer sought $215,000.00 in damages supported by allegations of poor performance relating to options, stock and over-the-counter equities transactions placed in the customer’s account during the time that Woods was associated with A&F Financial Services, Inc. and Clark Dodge & Co.

Woods’ employment with PHX Financial, Inc. was terminated as of January 3, 2018. Since April 23, 2001, Woods has been associated with fourteen different broker dealers, twleve of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer

Guiliano Law Group

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)