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