John Columbia, of Garden City, New York, a stockbroker formerly registered with Woodstock Financial Group, Inc., has been named in a customer initiated investment related arbitration claim, which settled on April 15, 2015, for $167,383.05 in damages based upon allegations that Columbia made misrepresentations to the customer, breached his contractual duties, negligently handled the customer’s account, effected unauthorized and unsuitable transactions, and churned the customer’s account in reference to over-the-counter equities.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Columbia has been identified in two additional customer initiated investment related disputes containing allegations of Columbia’s misconduct while employed with Woodstock Financial Group, Inc., and A&F Financial Services, Inc. Specifically, on January 23, 2009, a customer initiated investment related complaint involving Columbia’s conduct was settled for $2,450.00 in damages based upon allegations that Columbia charged the customer with excessive markups and was responsible for the customer’s investment losses.
Subsequently, on September 29, 2014, a customer initiated investment related arbitration claim regarding Columbia’s activities was settled for $125,000.00 in damages based upon allegations that Columbia breached his fiduciary duties and negligently handled the customer’s investment account pertaining to over-the-counter equity transactions.
Columbia’s registration with Woodstock Financial Group, Inc. was terminated on March 15, 2010. From November 28, 2014, to June 22, 2015, Columbia was registered with J.D. Nicholas & Associates, Inc. Beginning on September 30, 2015, Columbia has been registered with Trident Partners Ltd. Since 2003, Columbia has been associated with fourteen different broker dealers, nine of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach
Guiliano Law Group
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