Published On: September 28, 2015

Stoltmann Law Offices is interested in speaking with investors who invested money with Joseph R. Butler, a former registered representative with Woodbury Financial. The Financial Industry Regulatory Authority (FINRA) barred Butler in all capacities for converting a customer’s funds and submitting a false annuity beneficiary change request. The customer was suffering from declining mental health, and Butler allegedly converted more than $170,000 and named himself the primary beneficiary and heir on the policy he sold her. Butler befriended the elderly widow and for years, wrote and cashed checks to himself out of the customer’s account, on top of opening the annuity and naming himself as the beneficiary. He also added himself to the customer’s bank accounts without her knowledge. These are against securities rules and regulations.

Joseph R. Butler was registered with Woodbury Financial Services in Clinton, Maryland from June 1997 until August 2012. He is currently registered with Innovation Partners in Charlotte, North Carolina and has been since October 2012. He has two customer disputes against him, one of which is currently pending. If you invested money with Butler, please call our securities law offices at 312-332-4200 to speak to an attorney about your options. We may be able to help you recover your money in the Financial Industry Regulatory Authority (FINRA) arbitration process. The call is free with no obligation. We sue firms such as Woodbury Financial for not properly supervising representatives such as Butler. They can be held liable for money losses.

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