Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Leslie Wood (Wood), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Wood recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on April 15, 2024.
Customers allege that in April 2022, Representative changed the investment directive and investment selections in their managed advisory accounts without their knowledge or approval, and that their accounts lost value and the opportunity for additional gains. The customers also allege that in May 2022 Representative presented them with incomplete paperwork and did not disclose to them that the paperwork he asked them to sign would authorize changes to the investment selections in their account. The customers allege that they would not have signed the paperwork otherwise. The customers further allege that in 2021 they deposited funds and instructed Representative that those funds should remain in cash, but the funds were instead invested in an investment account. The Representative denies the allegations.