Delbert W. Carnes, of Colorado Springs, Colorado, a stockbroker registered with Woodbury Financial Services, Inc., has been named in a customer initiated investment related arbitration claim on April 20, 2015, in which the customer alleged that Carnes made misrepresentations to the customer regarding the purchase of a variable annuity investment.

FINRA Public Disclosure reveals that on September 29, 2014, Carnes settled a customer initiated investment related arbitration action for $45,000.00 in damages based upon allegations that Carnes misled the customer and over-concentrated the customer’s assets in illiquid investments which were not suitable.

On March 25, 2013, Carnes settled a customer initiated investment related arbitration claim for $50,000.00 in damages based upon allegations that Carnes made misrepresentations regarding investments to the customers, and facilitated the purchase of an investment which was unsuitable for such customers due to the customers’ investment objectives and financial status.

On August 6, 2012, Carnes settled a customer initiated investment related arbitration claim for $84,000.00 in damages based upon allegations that Carnes made omissions and misrepresentations concerning investments, and breached his fiduciary duty to the customer. On July 16, 2012, Carnes settled another customer initiated investment arbitration claim for $245,000.00 in damages based upon allegations of negligence, breach of fiduciary duty, and misrepresentation.

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.

Tags: ,

Comments are closed.