Stephen Woods, formerly with PHX Financial, Barred from Securities Industry
Have you lost money with financial advisor Stephen Woods of Hauppauge, New York? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Stephen J. Woods. FINRA barred Woods from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Woods regarding “trading activity in customer accounts”.
Stephen Woods was a financial advisor and registered representative of PHX Financial from December 2016 to January 2018. He worked at a branch office in Hauppauge, New York. Woods was previously suspended by FINRA in 2009 for ten days. He was also terminated by Pointe Capital in 2008.
Brokerage firms like PHX Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout New York and the New York City area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Woods, Stephen FINRA AWC
Click to view: Woods, Stephen BrokerCheck 3.16.18
If you lost money with Stephen Woods or PHX Financial, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.