Can you recover losses due to recommendations by former Woodbury Financial Services, Inc. broker David McCain (CRD# 2039283)? He has been registered with LPL Financial LLC in Johnson City, Tennessee, since 2024. He was registered with Osaic Wealth, Inc. in Johnson City, Tennessee, from January to August 2024, and with Woodbury Financial Services, Inc. in Johnson City, Tennessee, from 2009 to 2024.
David McCain Customer Complaints
He has been the subject of two customer complaints between 2002 and 2025, according to his CRD report:
December 2025. “Customer alleges that the representative failed to provide information and requested statements for her account(s).” The customer is seeking $2,000,000 in damages, and the case is currently pending. The complaint took place while he was registered with Osaic Wealth, Inc. and Woodbury Financial Services, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Woodbury Financial Services, Inc. may be liable for investment or other losses suffered by David McCain’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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