Ashley Woodard is the Subject of Million-Dollar Investor Disputes

Ashley Woodard (CRD #: 4703144), a previously registered broker with NYLife Securities, is the subject of numerous investor disputes. The latest disclosure appears on her BrokerCheck record, accessed on April 29, 2024. Investors should know that there are thirteen settled disputes on her record. 

Investor Allegations 

On March 14, 2024, an investor alleged that Ashley Woodard recommended illiquid, complex, and unsuitable alternative investments. She allegedly altered forms and made materially false and misleading statements regarding the investments. The investor is seeking $499,000. 

There are similar allegations dated February 22, 2024. An investor alleged that Ashley Woodard recommended investments in illiquid, risky, and speculative private placements that were not suitable for investors. Investors further alleged that the representative misrepresented the risks of investments and altered forms to falsify the investors’ financial resources. The investor is seeking $999,999. 

Settled Disputes 

Thirteen disputes alleging illiquid recommendations settled for approximately $14.5 million. 

FINRA Rule 2111 – Unsuitable, Long-Term Investments

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Brokers must also consider the investment time horizon and the investor’s liquidity needs – illiquid, long-term investments often do not suit a client’s best interests. 

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Misrepresentation 

FINRA Rule 2020 prohibits deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Ashley Woodard has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination on  
• Series 24 General Securities Representative Examination 

During her 16 years of experience, she has registered with nine firms. These are the five most recent: 

• NYLife Securities (CRD #: 5167) 
• IFS Securities (CRD #: 40375) 
• Voya Financial Advisors (CRD #: 2882) 
• Capital Investment Group (CRD #: 14752) 
• Brookstone Securities (CRD #: 13366) 

Kurta Law Can Help 

If you have worked with Ashley Woodard and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.