Woods—Misappropriation of Funds and Failure to Provide Documents to FINRA

California stockbroker fraud attorneySalena Lynn Woods Allegedly Misappropriated Funds and Failed to Provide Proper Documentation to FINRA

Salena Lynn Woods allegedly misappropriated funds from a retail bank customer’s account, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

Woods then allegedly failed to provide documents and information as requested by FINRA in letters dated September 24, 2015 and October 2, 2015, the AWC reports.

Salena Lynn Woods entered the securities industry in May 2008, when she became associated with a predecessor firm to J.P. Morgan Securities LLC, and, on July 23, 2015, J.P. Morgan filed a Uniform Termination Notice for Woods, the AWC notes.

Salena Lynn Woods Barred by FINRA

Salena Lynn Woods, as stated in a telephone call with FINRA staff on October 5, 2015, allegedly acknowledged that she received FINRA’s request for documents and information and that she will not cooperate with FINRA’s investigation on this date or any future date, according to the AWC.

By allegedly refusing to respond to FINRA’s request for documents and information as requested pursuant to FINRA Rules, Woods violated FINRA Rules and has been barred by FINRA from associating with any FINRA member in any capacity, the AWC reports.

One should also note that, according to the AWC, Salena Lynn Woods neither admitted nor denied any of the FINRA findings.

The Peiffer Rosca Wolf Securities Lawyers Often Assist Investors

The Peiffer Rosca Wolf securities lawyers assist investors who lose money as a result of misappropriation of 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 misappropriation of funds are encouraged to 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 (1159 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.