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.
JOHN LAWRENCE ALEX (JOHN L ALEX) has been registered both as a broker and financial advisor with MORGAN STANLEY of Morristown, New Jersey, since11/15/2011. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN L ALEX has 36 years of experience in the securities industry and has been registered with 4 firms. Alex […]
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com