FINRA Securities Arbitrations Gather Against Woodstock Financial Group
John Columbia, of Garden City, New York, a stockbroker formerly registered with Woodstock Financial Group, has been named in a customer initiated investment related arbitration claim, which settled on August 30, 2016, for $60,500.00 in damages based upon allegations that Columbia made misrepresentations to the customer, breached his contractual obligations, negligently handled the customer’s portfolio, churned the customer’s account, and effected unauthorized and unsuitable over-the-counter equity transactions.
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 and A&F Financial Securities, Inc. Particularly, on January 23, 2009, a customer initiated investment related arbitration claim involving Columbia’s conduct was settled for $2,450.00 in damages based upon allegations that Columbia charged excessive markups on the customer’s equity transactions, and was liable for the customer’s investment losses.
Additionally, on May 14, 2015, a customer initiated investment related arbitration claim regarding Columbia’s activities was resolved for $125,000.00 in damages based upon allegations that Columbia breached his fiduciary duties to the customer, and committed negligence in the handling of the customer’s investments.
Columbia became registered with Trident Partners Ltd. on September 30, 2015. Since May 30, 2003, Columbia has been associated with fourteen different broker dealers, twelve 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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To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com