Investors Complain About John Woods

Investors have come forward with complaints about securities broker John Woods (CRD: 1949233, Atlanta, Georgia). Notably, the securities broker, who worked for Oppenheimer Co. Inc., disclosed client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Namely, Oppenheimer Co. Inc. clients allege that Woods acted unethically and breached a fiduciary duty, among other things. For more on these disclosures about Woods, see below.

Oppenheimer Co. Inc. Investor Accuses Woods Of Misconduct

Specifically, an Oppenheimer Co. Inc. client filed FINRA Arbitration: 21-02825 about John Woods. Namely, the client alleged that Woods acted unethically. Because of this, the client allegedly sustained damages on common stocks, preferred stocks, and private placements. Therefore, on March 23, 2023, Oppenheimer Co. Inc. settled this matter by paying the client $1,300,000 in damages.

Investor Accuses Oppenheimer Co. Inc. Of Breach Of Fiduciary Duty

Specifically, an Oppenheimer Co. Inc. client filed FINRA Arbitration: 21-02816 about John Woods. Namely, the client alleged that Oppenheimer Co. Inc. breached a fiduciary duty, violated FINRA rules, and violated state laws. Because of this, the client allegedly sustained damages on private equity funds. Therefore, on March 2, 2023, a FINRA Arbitration Panel issued an Award ordering Oppenheimer Co. Inc. to pay the client $1,483,670 in compensatory damages.

Woods Discloses Allegations By Oppenheimer Co. Inc. Client

Also, a client of Oppenheimer Co. Inc. contested John Woods’ sales practices by filing FINRA Arbitration: 23-00484 on March 1, 2023. It appears that Woods possibly caused the client to sustain damages on common stocks, preferred stocks, and private placements. Therefore, the client requested compensation from Oppenheimer Co. Inc. or Woods in the amount of $500,000. However, the securities firm denied the complaint.

Oppenheimer Co. Inc. Investor Takes Aim At John Woods

Specifically, an Oppenheimer Co. Inc. client filed FINRA Arbitration: 22-00817 about John Woods. Namely, the client alleged that Woods acted unlawfully. Because of this, the client allegedly sustained damages on private placements. Therefore, on March 1, 2023, Oppenheimer Co. Inc. settled this matter by paying the client $170,300 in damages.

Woods Accused Of Misconduct By Oppenheimer Co. Inc. Client

Also, a client of Oppenheimer Co. Inc. contested John Woods’ sales practices by filing FINRA Arbitration: 21-02860. Allegedly, Woods acted unethically. It appears that Woods possibly caused the client to sustain damages on common stocks, preferred stocks, and private placements. Therefore, Oppenheimer Co. Inc. opted to settle the matter on December 27, 2022, by compensating the client in the amount of $400,000.

Oppenheimer Co. Inc. Investor Complains About John Woods

Specifically, a Oppenheimer Co. Inc. client filed FINRA Arbitration: 22-00319 about John Woods. Namely, the client allegedly sustained damages on private placements because of Woods’ sales practice violations. Therefore, on November 28, 2022, Oppenheimer Co. Inc. settled this matter by paying the client $350,000 in damages.

Woods Discloses Misrepresentation Allegations By Oppenheimer Co. Inc. Client

Also, a client of Oppenheimer Co. Inc. contested John Woods’ sales practices by filing Civil Suit: 1:21-cv-03625 on September 20, 2021. Allegedly, Woods violated state laws, breached a fiduciary duty, and made misrepresentations. Supposedly, Woods possibly caused the client to sustain damages on investments in Horizon Private Equity III LLC. Therefore, the client requested compensation from Oppenheimer Co. Inc. or Woods. However, the securities firm denied the complaint.

SEC Complaint About John Woods, Horizon Private Equity

Also, on August 20, 2021, SEC initiated Case: 1:21-cv-03413 against John Woods. Evidently, in a Complaint, SEC alleged that Woods engaged in a “massive Ponzi scheme for over a decade.” Supposedly, the scheme affected more than 400 investors across 20 states.

Supposedly, the elderly investors at Southport Capital (Livingston Group Asset Management Company)—a company Woods owned and controlled—comprise many of the potential victims. SEC alleged that Southport Capital advisors preyed upon investors, who were told that they would earn as much as seven percent interest on their investments in Horizon Private Equity. Nearly $100,000,000 is owed to investors who fell victim to the scheme, according to the SEC complaint. Therefore, SEC intends to sanction Woods. However, Woods denies the allegations.

Damages Resulting From Oppenheimer Co. Inc. Securities John Woods?

Did you suffer damages because of John Woods? If you have, then contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group, who has effectively recovered losses for investors across the United States, represents clients on a contingency fee basis and advances all costs. Woods and brokerage firms Woods worked for deny all allegations of sales practice violations.