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Lonnie Woodall Allegedly Misrepresented Investments

Lonnie Woodall (CRD #: 5499376), a broker registered with Cetera Investment Services, allegedly misrepresented investments, according to his BrokerCheck record, accessed on October 10, 2022. Investors may have also engaged his services through Cetera Investment Advisers. Read on to learn more about his conduct as a broker.

Investor Dispute

On July 19, 2022, an investor alleged that Lonnie Woodall misrepresented investments made in 2021. This dispute was denied by the firm.

FINRA Rule 2020

Misrepresentation of investments violates FINRA Rule 2020, which bans the use of manipulation and deception to influence the purchase and sale of securities.

Background Information

Lonnie Woodall has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Lonnie Woodall is a registered broker in 12 states and a registered investment adviser in Georgia.

He has also worked for CUNA Brokerage Services (CRD#:13941) and New England Securities (CRD#:615).

Kurta Law Can Help

If you worked with Lonnie Woodall 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 and 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. 

 

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