Category Archives: Woodbury Financial Services

Thomas Carreras-Ameritas Investment Broker-Discloses Customer Dispute- West Palm Beach, FL

January 2017-West Palm Beach, FL

According to publicly available records Thomas B. Carreras (CRD# 1815164) ,  a  stockbroker currently employed by Ameritas Investment Corp.  discloses a  pending customer dispute.

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.

A customer of Ameritas Investment Corp. has filed FINRA Case # 16-2816, seeking damages of $95,000 and  alleging that Carreras mishandled his third party money managed account, breaching his fiduciary duty, churning the account, negligence and breaching contractual obligations.

Carreras has been registered with Ameritas Investment Corp. since October 2003.  He was previously registered with Intervest International Equities and Woodbury Financial Services.

If you have questions about an account in an account handled by Thomas B. Carreras , contact us to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Delbert W. Carnes-Woodbury Financial Broker-Discloses Settlement with Customers & Outstanding Judgment-Colorado Springs

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.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Stephen L. Swarbrick-Questar Capital Broker-Discloses Customer Complaint Over Oil & Gas Investments-Roseville,CA

Roseville, California

UPDATE JUNE 2017-In January 2017 a customer of Woodbury Financial and Questar Capital Corp. filed a complaint with the CA Department of Business Oversight alleging unsuitable sales for $400,000 in equipment leasing and oil and gas partnerships from 12/2009-6/2014.

ORIGINAL POST-July 2016

We are investigating the sales practices of Questar Capital Corporation stockbroker Stephen L. Swarbrick, who is affiliated with Weston and Tuttle Wealth Advisors, on behalf of an elderly retired couple who were sold various alternative investments, including the following:

  • Cypress Equipment Fund 16 LLC
  • Strategic Energy Income Fund III
  • Atlas Resource Series 31-2011 LP

According to FINRA recordsStephen L. Swarbrick has been employed by Questar Capital Corporation since 10/2012. Prior to that he was employed by Woodbury Financial Services from 9/2003-10/2012.

If you were a client of  Stephen L. Swarbrick and have experienced losses in alternative investments or have information you believe may be relevant to this investigation, please contact us.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jeffrey L. Boddy-Woodbury Financial Broker-Discloses Numerous Tax Liens

Farmington, New Mexico

According to FINRA records, Jeffrey L. Boddy a broker who works for Woodbury Financial Services, Inc. discloses 1 prior customer dispute and 24 unsatisfied and outstanding judgments or liens.

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 pending judgments and liens disclosed include:

  • Various tax liens owed to the State of New Mexico and the Department of Workforce Solutions
  • Internal Revenue Service tax liens in various amounts including amounts of $191,997 , $46,593, and $33,356.

Boddy has been registered with Woodbury Financial Services since 10/2006.

If you have questions about  a brokerage account handled by Jeffrey L. Boddy , call to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Port Orange Florida Stock Broker Sanctioned by FINRA

July 24,  2015- Port Orange, Florida

Dennis Ray Roberts  entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he borrowed money from an elderly customer of his at Woodbury Financial in violation of FINRA Rules 3240 and 2010.

AWC No. 2014041148701

Roberts  was  suspended for two months.

According to FINRA records, Roberts was registered with Woodbury Financial Services  from 11/2002-10/2014.

Woodbury Financial Services has been a FINRA member since 1968 and is headquartered in Oakdale, Minnesota. It has over 1,400 brokers in over 1,000 branch offices nationwide.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Woodbury Financial Broker Sanctioned by Securities Regulator

July 27, 2015

Michael Jeffrey Talin  of Los Alamitos, CA, entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he  failed to provide documents and information in connection with a FINRA investigation into allegations that Talin converted funds from the non-securities account of his member firm Woodbury Financial Services. 

AWC NO. 20150453773-01

Talin  was barred from the securities industry.   According to FINRA records he was registered with Woodbury Financial Services from 9/1998-5/2015.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Former Thrivent Investment Management Broker Sanctioned for Falsifying Annuity Documents

June 24, 2015

Bruce R. Geiger entered into an Order Accepting Offer of Settlement with the Financial Industry Regulatory Authority (FINRA) to resolve allegations by FINRA that he had violated various FINRA rules altering annuity forms by adding dates to the forms after the client had signed, re-using original customer signature pages from forms previously executed and altering the dates of customer signatures.

According to the FINRA Order, between October 2005 and October 2010, while registered with Thrivent Investment Management,  Geiger falsified 115 forms relating to the accounts of 14 customers to cause disbursements totaling over $562,000.

Geiger was fined $5,000 and suspended for three and one half months.

Geiger is currently registered with Woodbury Financial Services. He was previously registered with Thrivent Investment Management from 6/1987-12/2010.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870