Options for Clients of Former Woodbury Financial Services, Inc. Broker Peter David
Posted on Monday, January 3rd, 2022 at 10:38 pm
Erez Law is currently investigating former Woodbury Financial Services, Inc. broker Peter David (CRD# 1133608) regarding suitability concerns leading to investment losses. Peter David has been registered with Woodbury Financial Services, Inc. in Waukesha, Wisconsin from 2009 to 2018.
Peter David Faces Suitability Complaint
Peter David has been the subject of two customer complaints between 2018 and 2021, one of which was denied, according to his CRD report:
June 2021. “Claimant alleges the representative recommended an investment that was unsuitable.” The customer is seeking $281,000 in damages and the case is currently pending. The complaint was regarding equity investment losses.
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 Peter David’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.