Donald Stephen Woods (Don Woods) – Financial Advisor/Broker Don Woods Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Don Woods was a previously licensed financial advisor with Thurston Springer Financial and LPL Financial LLC. According to FINRA, Don Woods was suspended from the securities industry for six months and fined $10,000 in May 2020.
According to FINRA Allegations:
Don Woods consented to the sanctions and to the entry of findings that Don Woods submitted applications to purchase real estate investment trusts (REITs) that overstated the customers’ liquid net worth in order to circumvent his member firm’s restrictions. The findings stated that Don Woods did not have a reasonable basis for recommending that the customers purchase the REITs, which were inconsistent with the customers’ investment profiles. Don Woods received $5,600.70 in commissions in connection with these recommendations.
Customer Disputes Filed Involving Financial Advisor/Broker Don Woods:
Customer Dispute 10/1/19: Claim allege misrepresentations. This customer dispute is pending and seeks $140,000 in damages.
Customer Dispute 2/11/19: Customers allege through counsel misrepresentation and unsuitable in connection with alternative investments. This customer dispute is pending and seeks $350,000 in damages.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Don Woods and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Don Woods’ conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Don Woods and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 5/11/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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