Ashley Woodard (CRD #: 4703144), a broker registered with NYLife Securities LLC and an investment adviser registered with Eagle Strategies LLC, is facing multiple allegations regarding unsuitable recommendations, according to her BrokerCheck record, accessed on August 25, 2020. She also has several settled investor disputes that contained similar allegations.
On July 27, 2020, clients alleged that Ashley Woodard made unsuitable investment recommendations. They are seeking $5,000,000 in actual damages, together with attorney’s fees, punitive damages, and interest. The dispute is pending.
On July 27, 2020, clients alleged that Ms. Woodward made unsuitable investment recommendations. They are seeking $50,000; the dispute is pending.
On November 15, 2019, clients alleged that Ashley Woodard made unsuitable investment recommendations. Clients sought damages of $100,000.01; the dispute was settled for $300,000.
On October 14, 2019, clients alleged that Ms. Woodard recommended unsuitable, illiquid investments. The clients are seeking $100,000; the dispute is pending.
On May 7, 2019, clients alleged that Ms. Woodard misrepresented certain securities and recommended unsuitable, illiquid securities. They sought damages of $100,000; the dispute was settled for $107,500.
On May 7, 2019, a client alleged that Ashley Woodard made misrepresentations regarding certain illiquid securities. The client further alleges that these recommendations were unsuitable. The client sought damages of $1,000,000; the dispute settled for $95,000.
On May 7, 2019, a client alleged that Ms. Woodard made unsuitable recommendations of illiquid securities. The investor is seeking $1,000,000; the dispute is pending.
On March 18, 2019, a client alleged that Ashley Woodard advised that they liquidate their entire portfolio in order to invest in illiquid, high-risk, high-fee, unsuitable securities. The dispute settled for $37,500.
“Illiquid” means that the securities were not easily converted into cash, which could be a problem for certain investors. In order for an investment recommendation to be suitable, investors need to carefully consider their client’s financial needs — some investors should only have securities that they can withdraw from as needed. You can visit FINRA’s website to learn more about what they have to say about illiquid securities and suitability.
Ms. Woodard also has two disclosures related to her finances.
- On November 14, 2018 Ashely Woodard had a tax lien of $53,676.
- On October 22, 2010, Ms. Woodard discharged a bankruptcy.
Ashley Woodard has passed the Series 66 Uniform Combined State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, and the Series 24 General Securities Principal Examination. She is a registered broker in Alabama, California, Connecticut, Georgia, North Carolina, and South Carolina. She is also a registered investment advisor in South Carolina.
Ashley Woodard has worked in the securities industry for 16 years. During her career, she has worked at the following firms:
- IFS Advisory LLC (CRD #: 154680)
- IFS Securities (CRD #: 40375)
- Voya Financial Advisors, Inc. (CRD #: 2882)
- Capital Investment Advisory Services, LLC (CRD #: 149124)
- Brookstone Securities, Inc. (CRD #: 13366)
- New England Securities Corporation (CRD #: 615)
- Cuna Brokerage Services, Inc. (CRD #: 13941)
- Ameriprise Financial Services, Inc. (CRD #: 6363)
- IDS Life Insurance Company (CRD #: 6321)
If Ashley Woodard was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys at Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for your free case consultation with a securities attorney.