Erez Law is currently investigating Moloney Securities Co., Inc. broker David Wood (CRD# 2306563) regarding unsuitable investment recommendations. He has been registered with Moloney Securities Co., Inc. in Manchester, Missouri since 2010.
David Wood Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
January 2022. “It is alleged that the Registered Representative made unsuitable recommendations from 1990 to 2017.” The customer is seeking $600,000 in damages and the case is currently pending. The complaint was regarding direct investments.
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, Moloney Securities Co., Inc. may be liable for investment or other losses suffered by David Wood’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.