Robert Woods Allegedly Recommended Unsuitable Investments

Robert Woods (CRD #: 820999), a broker registered with Wedbush Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on September 5, 2025. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On June 27, 2025, an investor alleged that Robert Woods breached his fiduciary duty, recommended unsuitable investments, engaged in negligence, and violated Regulation Best Interest. The investor is seeking $1,089,925. 

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Fiduciary Duties

A fiduciary duty is a duty to work in a client’s best interest. Brokers are not fiduciaries, but they must follow the rules set forth by FINRA Rule 2111 and Regulation Best Interest. Registered Investment Advisers (RIAs) are fiduciaries, and brokers are often dually registered as RIAs.  (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Background Information 

Robert Woods has registered with the following firms: 

• Wedbush Securities (CRD #: 877) 
• Prudential Securities Incorporated (CRD #: 7471) 
• E.F. Hutton & Company (CRD #: 235) 

Robert Woods has passed the following exams: 

• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination 
• Series 8 General Securities Sales Supervisor Examination (Options Module & General Module) 
• Series 7TO General Securities Representative Examination 
• Series 99TO Operations Professional Examination 
• SIE – Securities Industry Essentials Examination 
• Series 5 Interest Rate Options Examination 
• Series 3 National Commodity Futures Examination 
• Series 15 Foreign Currency Options Examination 
• PC AMEX Put and Call Exam 
• Series 7 General Securities Representative Examination 
• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 

Kurta Law Can Help

If you worked with Robert Woods 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.