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Ashlee Godfrey Barred by FINRA

Ashlee Godfrey (CRD #: 5889108), a broker formerly registered with Benjamin F. Edwards & Company, has been barred by FINRA, according to her BrokerCheck record, accessed on October 22, 2024. Keep reading to learn more about her alleged conduct as a broker.

Bar by FINRA

In a Letter of Acceptance, Waiver & Consent (AWC) filed on September 9, 2024, Ashlee Godfrey consented to the entry of findings that she allegedly failed to provide FINRA with on-the-record testimony.

FINRA requested this testimony as part of an investigation into allegations that she communicated with a client via a platform not approved by her firm, Wells Fargo Clearing Services, and misrepresented certain preferred securities as being insured when they were not.

She was permanently barred by FINRA. You can read the AWC here.

FINRA Rule 8210

FINRA Rule 8210 requires members to supply records, information, and testimony upon request by FINRA.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of other rules often qualify as violations of FINRA Rule 2010.

Investor Disputes

From October 5, 2021, to July 11, 2022, four investors filed disputes alleging that Ashlee Godfrey misrepresented certain investments as being insured and guaranteed during a collective time frame spanning 2016-2021. These disputes were settled for a total of $113,938.91.

On October 6, 2021, an investor alleged that Ashlee Godfrey recommended overly risky investments which led to losses between April 21, 2014, and the date of dispute filing. This dispute was settled for $50,000.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which contains information about their investing experience, risk tolerance, and financial goals.

Background Information

Ashlee Godfrey has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

She previously worked for the following firms:

  • Benjamin F. Edwards & Company (CRD#:146936)
  • Wells Fargo Clearing Services (CRD#:19616)
  • Edward Jones (CRD#:250)

Kurta Law Can Help

If you worked with Ashlee Godfrey and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.