Steven McCormick, Formerly with Woodbury Financial Services, Barred from Securities Industry
SIMI VALLEY, CALIFORNIA Did you invest with financial advisor Steven McCormick in Simi Valley, California? Israels & Neuman is looking into claims made by FINRA against this advisor, who had been an affiliate of Woodbury Financial Services from March 2019 to January 2024 and with Osaic Wealth from January 2024 to October 2024. He was recently barred from the securities brokerage industry by FINRA after he refused to cooperate with a FINRA investigation.
According to FINRA’s Letter of Acceptance, Waiver, and Consent (AWC), McCormick was the subject of a complaint made to FINRA, which led to an investigation. He acknowledged the FINRA investigation but said he would not comply.
Steven P. McCormick was registered with Woodbury Financial Services and Osaic Wealth. He worked in Simi Valley, California and was also the subject of a 2021 tax lien and a 2017 customer complaint.
Brokerage firms must reasonably monitor their financial advisors. If the firm fails to do so, they could be liable for investor losses.
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