Investors may have incurred losses because of securities broker Joel Floyd Woods [CRD: 1470780, Fort Worth, Texas], according to public information reported on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Joel Woods worked for LPL Financial LLC from March 26, 2021 to December 16, 2024; Concorde Investment Services LLC from November 23, 2016 to March 26, 2021; and EDI Financial Inc. from March 11, 2005 to December 31, 2016—a firm that was expelled by FINRA on June 1, 2017. Keep reading to learn more about the investor disputes and arbitration claims involving Joel Woods.
Particularly, on December 31, 2024, a Concorde Investment Services LLC client filed FINRA Arbitration No. 24-02718 about Joel Woods. Allegedly, Woods made unsuitable recommendations, breached his fiduciary duty, was negligent. The client also alleged breach of contract and negligent hiring. Because of this, the client allegedly incurred damages linked to real estate investment trusts (REITs). Therefore, the client requested $750,000.00 in compensation from Concorde Investment Services LLC or Woods. Evidently, this arbitration is ongoing.
Also, a client of Concorde Investment Services LLC took aim at Joel Woods’s sales practices in FINRA Arbitration No. 21-01332. Supposedly, Woods was negligent, gave unsuitable advice, and misrepresented information about direct investments. Consequently, Concorde Investment Services LLC opted to settle the matter on October 28, 2022, by compensating the client in the amount of $27,600.00.
In addition, an EDI Financial client filed FINRA Arbitration No. 12-01329 about Joel Woods. Allegedly, Woods made unsuitable recommendations. As a result, the client allegedly sustained damages connected to direct investments. Therefore, on April 3, 2013, EDI Financial settled this matter by paying the client $155,000.00 in damages.
Additionally, on January 30, 2012, an EDI Financial Inc. client filed a complaint about Joel Woods. Mainly, the investor alleged that Woods made false or misleading statements regarding fixed annuities. Consequently, the client requested $400,000.00 in compensation from EDI Financial Inc. or Woods.
Do you have concerns or questions regarding investments you made with Joel Woods? You can get in touch with Soreide Law Group at (888) 760-6552 or online. Speak with a securities lawyer regarding a possible recovery. Soreide Law Group has recovered losses for investors throughout the USA. Also, the firm takes cases on a contingency fee basis and advances the costs. Woods and brokerage firms Woods worked for deny accusations of sales practice violations.
Soreide Law Group is currently reviewing potential investor claims related to sales practice violations by securities brokers and financial advisors. One of the investments raising serious concerns is Horizon Private Equity III, a private equity fund once promoted to investors as a safe and reliable option. Recent regulatory findings and court proceedings suggest troubling issues […]
Soreide Law Group is currently reviewing potential investor claims tied to possible sales practice violations involving securities brokers and financial advisors. One product at the center of concern is Hines Global Income Trust, a non-traded REIT that has experienced notable declines in value. Investors should be aware of negative developments surrounding this investment, which are […]
Soreide Law Group is currently reviewing potential investor claims tied to possible sales practice violations by securities brokers and financial advisors. One investment drawing attention is the Hayworth Tanglewood DST, a real estate trust that has raised concerns due to recent financial setbacks and legal challenges. Investors should be aware of the risks and adverse […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com