DID RAYMOND ANTHONY FERRO CAUSE YOU INVESTMENT LOSSES?
Raymond Ferro Formerly With Woodbury Financial Services Has 4 Customer Complaints For Alleged Broker Misconduct
Who is Raymond Ferro formerly with Woodbury Financial Services?
Raymond Ferro (CRD #1927831) who was formerly registered with Woodbury Financial Services and located in Danbury, Connecticut is a subject of one of our many securities industry sales practice abuse investigations.
Raymond Ferro Customer Complaints
Raymond Ferro has been the subject of 4 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Two of Raymond Ferro’s 4 customer complaints were settled in favor of investors. Two of the customers’ complaints filed against Woodbury and NEXT Financial Group for investment losses caused by the alleged misconduct is pending as of the date of this report.
Allegations Against Raymond Ferro
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client alleged Raymond Ferro wrongfully transferred $330,000 from the client’s bank account to his own bank account.
- Customer alleged that unsuitable investments were purchased for customer’s account by Raymond Ferro.
Raymond Ferro Red Flags & Your Rights As An Investor
Of course, Raymond Ferro 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 Raymond Ferro at Woodbury Financial Services on alert to review carefully the activity and performance of their accounts and question whether Raymond Ferro has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Woodbury Financial Services 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 Raymond Ferro
If you have questions about Woodbury Financial Services and/or Raymond Ferro 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.