Ashley Woodard Involved In Voya Financial Advisors Clients’ Misrepresentation Complaints

Investors have reportedly disputed the sales practices of securities broker Ashley Charles Woodard [CRD: 4703144, Greenville, South Carolina], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Woodard worked for NYLIFE Securities LLC from December 21, 2017, to October 28, 2020; IFS Securities from February 15, 2017, to November 13, 2017; and Voya Financial Advisors Inc. from June 4, 2013, to February 16, 2017. Read on to discover more about the disclosures involving Woodard.

Voya Financial Advisors Investor Accused Woodard Of Misrepresentation

Particularly, on March 13, 2024, a Voya Financial Advisors Inc. client filed FINRA Arbitration No. 24-00560 about Ashley Woodard. Primarily, the client alleged that Woodard made unsuitable recommendations of illiquid and complex alternative investments and made misrepresentations of material fact by altering forms and making false statements. For this reason, the investor allegedly incurred damages relating to variable annuities and real estate securities. As a result, the client requested $499,999 in compensation from Voya Financial Advisors Inc. or Woodard. It appears that this arbitration is pending a resolution.

Ashley Woodard Disclosed Misrepresentation Allegations By Voya Financial Advisors Client

Notably, a client of Voya Financial Advisors Inc. disputed Ashley Woodard’s sales practices by filing FINRA Arbitration No. 24-00379 on February 20, 2024. Allegedly, Woodard made unsuitable recommendations of illiquid, risky, and speculative private placements and misrepresented investment risks by falsifying client financial information. It appears that Woodard caused the client to sustain damages associated with real estate securities. Consequently, the client seeks compensation from Voya Financial Advisors Inc. or Woodard in the amount of $999,999 in this ongoing matter.

Voya Financial Advisors Inc. Investor Accused Woodard Of Unsuitable Recommendations

Additionally, a Voya Financial Advisors Inc. client filed FINRA Arbitration No. 21-00744 about Ashley Woodard. Mainly, the client alleged that Woodard made unsuitable recommendations in a risky and illiquid alternative investment. Supposedly, the client sustained damages linked to REITs. Therefore, on July 28, 2021, Voya Financial Advisors Inc. settled this matter by paying the client $25,000 in damages.

Ashley Woodard Disclosed Unsuitable Advice Allegations By Voya Financial Advisors Inc. Client

Specifically, a client of Voya Financial Advisors Inc. contested Ashley Woodard’s sales practices by filing FINRA Arbitration No. 21-00776. Allegedly, Woodard recommended and sold illiquid and risky alternative investments including real estate securities. As a result, Voya Financial Advisors Inc. opted to settle the matter on May 17, 2022, by compensating the client in the amount of $1,794,691.60.

Did You Sustain Losses Due To Financial Advisor / Securities Broker Woodard?

Do you have concerns or questions regarding investments you made with Ashley Woodard? Contact Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney concerning a possible recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Woodard and brokerage firms Woodard worked for deny allegations of sales practice violations.