Ashley Woodard Investigation
May 2023 – Greenville/ Greer , South Carolina
According to publicly available records Ashley Charles Woodard , a stockbroker previously employed by VOYA Financial, discloses 16 prior customer dispute and an outstanding judgment lien. These records indicate that more than $14 million has been paid to former customers of Woodard related to his sale of alternative investments.
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.
Prior settlements for former customers of Ashley Woodard include:
- FINRA case 21-776-a customer of VOYA was paid $1.7 Million to resolve allegations that Woodard recommended risky, unsuitable, illiquid investments in real estate securities.
- FINRA case 21-775-a customer of VOYA was paid $1.7 Million to resolve allegations that Woodard recommended risky, unsuitable, illiquid investments in real estate securities.
- FINRA case 20-2110 in which a VOYA client was paid $5M to resolve allegations that they were recommended unsuitable and illiquid alternative investments by Woodard..
- FINRA case 21-744-a customer of VOYA was paid $25,00 to resolve allegations that Woodard recommended risky, unsuitable, illiquid investments in real estate securities.
- FINRA case 20-2111- a customer of VOYA was paid $3.5M to resolve allegations that they were sold unsuitable securities by Woodard, including real estate securities and Unit Investment Trusts.
- FINRA case 20-2101 in which a customer of VOYA sought $50,000 , alleging they were placed in speculative private placements. That case was settled for $152,500.
- FINRA case 19-3304-filed in 11/2019 by a customer of VOYA Financial and Woodard alleging unsuitable recommendations in illiquid alternative investments. The customer was paid $300,000 to resolve the case.
- FINRA case 19-931, the customer was paid $750,000 to resolve allegations that Woodard made unsuitable recommendations.
- FINRA Case 19-01031- Customer of VOYA and IFS Securities was paid $107,500 for losses related to unsuitable recommendation to invest in illiquid real estate security.
Woodard also discloses a currently outstanding lien in favor of the Internal Revenue Service in the amount of $53,676, for tax years 2014, 2015, and 2016. The lien is recorded in the Recorder Office of Greenville County, South Carolina.
Woodard was last employed by NY Life Securities. His prior employment history includes: IFS Securities 2/2017-11/2017, Voya Financial Advisors 6/2013-2/2017 and Capital Investment Group 7/2011-6/2013.
Woodard discloses business affiliations with West End Financial Strategies and Eagle Strategies.
If you have losses in an account that was handled by Ashley C. Woodard, contact us for a no charge consultation to learn how you may be entitled to recover damages through FINRA arbitration.
We have been advised that Ashley Charles Woodard of Greer, S. Carolina died in November, 2020.
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.
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