Joyanna Argeny-Wildern Resigns From her Position at Woodbury Financial Services
Joyanna Argeny-Wildern (CRD #: 3077170), a broker registered with San Blas Securities, recently resigned from her position at Woodbury Financial Services, according to her BrokerCheck record, accessed on November 17, 2021. Details surrounding her resignation have been provided below.
Joyanna Argeny-Wildern’s Resignation Details
On August 18, 2021, Joyanna Argeny-Wildern was permitted to resign from her position at Woodbury Financial Services following allegations that she recommended an unsuitable investment.
The disclosure does not specify the nature of the unsuitable investment, but brokers are required to have a reasonable basis for recommending an investment according to FINRA Rule 2111.
FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. An investor’s profile includes information about their investing experience, risk tolerance, financial goals, and age. Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration.
- Investments can be unsuitable because they are high risk and likely to lose money. Many investments, like alternative investments and private placements, are always higher risk and are not suitable for most investors.
- Securities may also be unsuitable because they are illiquid, meaning that they are intended to be held for an extended time. Brokers should consider whether their investors will need to access their funds.
- Securities can be quantitatively unsuitable, which means that brokers executed an excessive number of trades.
- These requirements apply to the overall investment strategy as well as the investments themselves. For instance, an investment strategy might be unsuitable if the securities are over-concentrated in a particular stock or sector.
Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration.
On April 14, 2021, an investor alleged that Joyanna Argeny-Wildern recommended an unsuitable variable annuity. Variable annuities are complex financial instruments and are not suitable for most investors.
Joyanna Argeny-Wildern has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
She is a registered broker in 3 states.
Other than San Blas Securities, Joyanna Argeny-Wildern has also worked with the following firms:
- Woodbury Financial Services (CRD#:421)
- Questar Capital Corporation (CRD#:43100)
- Securian Financial Services (CRD#:15296)
- Signator Investors (CRD#:468)
Kurta Law Can Help
If you have suffered losses after working with Joyanna Argeny-Wildern, don’t hesitate to contact us today at 877-600-0098 or email@example.com for a free consultation.
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