Salena Lynn Woods – Alleged Misappropriation of Customer Funds

investors rights attorneysSalena Lynn Woods Allegedly Misappropriated Customer Funds and Refused to Cooperate with Investigation

Salena Lynn Woods, formerly a stockbroker with J.P. Morgan Securities, LLC, allegedly misappropriated funds from retail bank customer’s accounts, according to FINRA documents under review by securities attorneys Peiffer, Rosca, Wolf. Salena Lynn Woods failed to cooperate in the FINRA investigation.

Woods did not provide documents and information as requested by FINRA in violation of FINRA Rules on two separate occasions, according to the FINRA Letter of Acceptance, Waiver, and Consent (AWC) dated October 12, 2015. Woods did not provide any of the requested documents and information by the October 1, 2015 deadline.

FINRA then sent a second enforcement letter on October 2, 2015, requesting that Woods provide the previously requested documents and information. According to the AWC, Woods acknowledged that she received FINRA’s requests for documents and information and that she refused to cooperate with FINRA’s investigation at any point.

Salena Lynn Woods Barred from Securities Related Business

FINRA Rules require that that no member or person shall fail to provide information or testimony or permit an inspection and copying of books, records, or accounts pursuant to the rule. In addition, firms and individuals are prohibited from unauthorized use of customer funds and various other deceptions and manipulations.

Woods accepted and consented to the entry of specific findings by FINRA contained within the AWC, without admitting or denying to FINRA’s findings of fact. FINRA’s entry of findings alleged that Woods failed to comply with a FINRA investigation into allegations that Woods misappropriated funds from a retain bank customer.

For the violations, Salena Lynn Woods was barred from associating with any FINRA member in any capacity.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities attorneys often represent investors who lose money as a result of stockbroker misconduct. They are currently investigating Salena Lynn Woods’ alleged misappropriation of client funds.  They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1163 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.