Warning to Investors: Woodbury Financial Services, Inc. Broker Thomas Kudarauskas Investment Losses
Posted on Monday, July 19th, 2021 at 6:59 pm
Erez Law is currently investigating Woodbury Financial Services, Inc. broker Thomas Kudarauskas (CRD# 2070671) regarding unsuitable investment recommendations. Kudarauskas has been registered with Woodbury Financial Services, Inc. in Atlanta, Georgia since 2007.
Kudarauskas has been the subject of three customer complaints between 1998 and 2021, according to his CRD report. The most recent complaint is regarding:
April 2021. “The Claimants allege the financial professional sold them alternative investments that were unsuitable.” The customer is seeking $334,000 in damages and the case is currently pending. The complaint was regarding business development companies (BDCs).
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 Kudarauskas’ 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.