Goodman & Nekvasil P.A, May Recover Investor Losses – David Albert Ross (David Ross) Suspended from Securities Industry and Fired by Woodbury Financial Services, Inc.
From 2010 until David Ross’ firing in 2016, David Ross was licensed with Woodbury Financial Services, Inc. According to FINRA’s records, David Ross was fired by Woodbury Financial Services, Inc. on April 15, 2016. Woodbury Financial Services, Inc. reported to FINRA that David Ross was fired after being accused of failing to disclose an outside business activity, accepting loans from firm clients, other violations of firm policies and procedures, and sales practice violations involving promissory notes.
Subsequent to David Ross’s firing, FINRA brought a disciplinary action against David Ross in 2017. David Ross consented to a 10-month suspension. David Ross consented to the entry of findings that David Ross engaged in a pattern of misconduct that included engaging in undisclosed outside business activities, accepting five loans totaling $89,000, four from customers, in violation of his member firms’ policies, and making false attestations in firm compliance questionnaires.
FINRA reports six tax liens against David Ross for as high as $74,653.83.
If you lost any money on investments or loans with David Ross, you may be able to recover your losses from Woodbury Financial Services, Inc. This is because Woodbury Financial Services, Inc. had a duty to supervise David Ross.
If you lost money on investments or loans with David Ross, and believe that 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 against Woodbury Financial Services, Inc., concerning David Ross’s 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 $300 million on behalf of victimized investors. If you lost money on any other investments or loans with David Ross 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.
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