August 2016- Colorado Springs, CO
The FINRA records of Delbert W. Carnes , a stock broker who is currently employed by Woodbury Financial Services disclose 5 prior customer disputes and a currently outstanding judgment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
The prior finalized customer disputes include:
- FINRA Case 14-02979 in which a customer of Carnes‘ prior employer, Parkland Securities (formerly Sammons Securities) alleged damages of $125,000 for inappropriate and misleading advice which resulted in an over concentration in unsuitable illiquid investments. That case was settled for $45,000.
- FINRA Case 12-02470 in which a customer of Carnes‘ prior employer, Sammons Securities alleged damages of $223,000 for misrepresentation, omission of facts, negligence and breach of fiduciary duty and failure to conduct adequate due diligence.That case was settled for $84,000.
- FINRA Case 12-02220 in which a customer of Carnes‘ prior employer, Sammons Securities, alleged damages of $406,139 for misrepresentation, omission of facts, negligence and breach of fiduciary duty .That case was settled for $245,500.
Carnes discloses a currently outstanding lien in the amount of $132,993 in favor of First Citizens Bank & Trust, filed in District Court of Douglas County.
Carnes has been employed by Woodbury Financial Services since 7/2009.
Florida-561 391 1900