DID KAREN IRENE BOYKIN CAUSE YOU INVESTMENT LOSSES?
Karen Boykin Of Woodbury Financial Services And Formerly With Park Avenue Securities Has 3 Customer Complaints For Alleged Broker Misconduct
Who is Karen Boykin of Woodbury Financial Services?
Karen Boykin (CRD #4501606) who is currently registered with Woodbury Financial Services and located in Wildwood, Missouri is a subject of one of our many securities industry sales practice abuse investigations. Prior to Woodbury Financial Services, Karen Boykin was associated with Park Avenue Securities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Karen Boykin Customer Complaints
Karen Boykin has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Two of Karen Boykin’s customers’ complaints were denied and, to date, the customers have not taken any further action. There is currently one pending customer complaint filed against Park Avenue Securities and Woodbury Financial Services for investment losses caused by Karen Boykin’s alleged misconduct.
Allegations Against Karen Boykin
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Based on the form U5 Amendment filed by the representative’s predecessor broker dealer, with regard to the purchase of a variable annuity and mutual funds, the customers alleged that Karen Boykin allocated their money in a high-risk tolerance category instead of in a moderate risk category consistent with their risk profiles. The customers maintain as a result, they lost 40% of their investment instead of 15%.
- Claimants alleged that certain annuity and REIT purchases by Karen Boykin were unsuitable.
- Client alleged that her entire net worth was invested into two variable annuities by Karen Boykin which were illiquid. Client would like to have access to her funds without the imposition of surrender charges.
Karen Boykin Red Flags & Your Rights As An Investor
Of course, Karen Boykin did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Karen Boykin at Woodbury Financial Services and Park Avenue Securities on alert to review carefully the activity and performance of their accounts and question whether Karen Boykin has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Woodbury Financial Services and Park Avenue Securities also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Woodbury Financial Services Due To Karen Boykin
If you have questions about Woodbury Financial Services, Park Avenue Securities, and/or Karen Boykin and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.