Marc Gregory Minor of East Peoria Illinois a stockbroker formerly registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related written complaint on December 23, 2016 in which the customer requested $62,000.00 in damages supported by accusations that (1) the customer incurred undue losses from an insurance company’s exercise of a contract provision and (2) the customer was not provided accurate information regarding an annuity’s guaranteed death benefit.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Minor has been identified in three more customer initiated investment related disputes that pertain to allegations of his misconduct while employed with Woodbury Financial Services Inc. Particularly, on July 19, 2007, a customer initiated investment related complaint pertaining to Minor’s activities was resolved for $56,000.00 in damages based upon accusations that Minor misrepresented a variable annuity, made investment recommendations to the customer that were not suitable, negligently transacted in the customer’s account and defrauded the customer. National Association of Securities Dealers (NASD) Arbitration No. 05-04698 (July 19, 2007).
On February 16, 2012, a customer filed an investment related complaint involving Minor’s activities where the customer sought more than $5,000.00 in damages founded on allegations that Minor liquidated the customer’s mutual fund holdings without the customer’s consent. On August 9, 2016, another customer filed an investment related complaint regarding Minor’s conduct in which the customer requested $5,000.00 in damages supported by accusations that misrepresentations had been made to the customer concerning an investment strategy utilized by a third-party investment advisor.
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