What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: July 29, 2015

Stoltmann Law Offices is investigating Dennis Ray Roberts, who entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Roberts was a registered representative with Woodbury Financial Services. He is accused of borrowing money from a firm customer without Woodbury’s approval. In February 2014, Roberts borrowed $600.00 from an elderly customer. Roberts also signed certificates of compliance stating that he was aware of Woodbury’s prohibition on customer loans and that he would abide by the rules. For this, he was suspended from association with any FINRA member firm in all capacities for two months.

Roberts was registered with Woodbury Financial Services in Daytona Beach, Florida, from November 2002 until October 2014. He is not currently licensed in the industry or registered with any member firm. If you lost money with Dennis Ray Roberts or Woodbury Financial Services, Woodbury can be held liable for your investment losses. They had a duty to reasonably supervise Roberts while he was employed with them. Please call our Chicago-based securities law office at 312-332-4200 to speak to an attorney about your options of suing Woodbury Financial Services.

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