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Investment Loss Options for Clients of Former Woodbury Financial Services, Inc. Broker Raymond Ferro

Posted on Tuesday, September 29th, 2020 at 8:08 pm    

Woodbury Financial Services

Were you the victim of former Woodbury Financial Services, Inc. broker Raymond Ferro (CRD# 1927831)? Ferro was registered with Woodbury Financial Services, Inc. in Danbury, Connecticut from 2013 to 2020.

Ferro has been the subject of two customer complaints between 2003 and 2020, according to his CRD report. The most recent complaint is regarding: 

February 2020. “Attorney on behalf of the client alleges the financial professional wrongfully transferred $330,000 from the client’s bank account to his own bank account.” The customer is seeking $990,000 in damages and the case is currently pending. 

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 Ferro’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.