Advisor Alert: Our Attorneys Are Investigating Ashley Charles Woodard For Investment Fraud
Did You Lose Money Because of Ashley Woodard (previously with Voya Financial Advisors)?
Filed: October 25, 2023
Ashley Woodard currently has one (1) pending Judgment/Lien event. Overall, he has been the subject of sixteen (16) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Ashley Charles Woodard.
Who Is Ashley Charles Woodard?
- Advisor Name: Ashley Charles Woodard
- Aliases: Ashley Woodard
- CRD: 4703144
- Location: Greenville, South Carolina
- Current Employer: Currently Not Registered
- Previous Firms: NYLIFE Securities LLC, IFS Securities, and Voya Financial Advisors, Inc.
- Number of Known Customer Complaints: 16
- Number of Known Judgment/Lien Events: 1
- Can Ashley Woodard Be Sued: Yes, in Private Arbitration
- Can Ashley Woodard’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $5,000,000
- Highest Settlement: $5,050,000
If you have suffered investment losses by Ashley Woodard, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Ashley Woodard For Broker Misconduct
As of this publication date, Ashley Woodard has been the subject of 1 judgment/lien event and 16 customer disputes. Let’s review them below.
In April 2021, a FINRA arbitration was filed against or in reference to Ashley Woodard by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Woodard recommended and sold risky, unsuitable, and illiquid alternative investments to clients. Per the customers, they lost over $500,000 due to Mr. Woodard’s actions. On April 18, 2022, Mr. Woodard settled the claim for $1,200,000.01 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In March 2021, a FINRA arbitration was filed against or in reference to Ashley Woodard by a customer of Voya Financial Advisors, Inc. alleging that Mr. Woodard recommended a risky, unsuitable, and illiquid alternative investment. Per the customer, he/she lost over $50,000 due to Mr. Woodard’s actions. On July 28, 2021, Mr. Woodard settled the claim for $25,000 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In March 2021, a FINRA arbitration was filed against or in reference to Ashley Woodard by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Woodard recommended and sold risky, unsuitable, and illiquid alternative investments to clients. Per the customers, they lost over $500,000 due to Mr. Woodard’s actions. On May 17, 2022, Mr. Woodard settled the claim for $1,794,691.60 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In March 2021, a FINRA arbitration was filed against or in reference to Ashley Woodard by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Woodard recommended and sold risky, unsuitable, and illiquid alternative investments to clients. Per the customers, they lost over $500,000 due to Mr. Woodard’s actions. On May 17, 2022, Mr. Woodard settled the claim for $1,226,533.57 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In March 2021 a FINRA arbitration was filed against or in reference to Ashley Woodard by a customer of Voya Financial Advisors, Inc. alleging that Mr. Woodard recommended a risky, unsuitable, and illiquid alternative investment. Per the customer, he/she lost over $50,000 due to Mr. Woodard’s actions.
In February 2021 a complaint was filed against or in reference to Ashley Woodard by multiple customers of NYLIFE Securities LLC alleging that Mr. Woodard misled the customers when they purchased a variable annuity in August of 2019.
In February 2021 a FINRA arbitration was filed against or in reference to Ashley Woodard by multiple customers of Voya Financial Advisors, Inc., Capital Investment Group, Inc., and IFS Securities alleging that Mr. Woodard recommended various alternative, illiquid, and unsuitable securities. Per the customers, they lost over $1,000,000 due to Mr. Woodard’s actions.
In July 2020, a FINRA arbitration was filed against or in reference to Ashley Woodard by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Woodard recommended risky, unsuitable, and illiquid alternative investments to clients. Per the customers, they lost over $5,000,000 due to Mr. Woodard’s actions. On August 4, 2021, Mr. Woodard settled the claim for $3,500,000 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In July 2020, a FINRA arbitration was filed against or in reference to Ashley Woodard by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Woodard placed hundreds of thousands of dollars of claimants’ assets in multiple illiquid, risky, and speculative private placements. Per the customers, they lost over $50,000 due to Mr. Woodard’s actions. On February 4, 2021, Mr. Woodard settled the claim for $152,500 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In July 2020, a FINRA arbitration was filed against or in reference to Ashley Woodard by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Woodard recommended risky, unsuitable, and illiquid alternative investments to clients. Per the customers, they lost over $5,000,000 due to Mr. Woodard’s actions. On September 29, 2021, Mr. Woodard settled the claim for $5,050,000 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In November 2019, a FINRA arbitration was filed against or in reference to Ashley Woodard by a customer of Voya Financial Advisors, Inc. and Capital Investment Group, Inc. alleging that Mr. Woodard recommended illiquid and unsuitable securities. Per the customer, he/she lost over $100,000 due to Mr. Woodard’s actions. On October 14, 2020, Mr. Woodard settled the claim for $80,000 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In October 2019, a FINRA arbitration was filed against or in reference to Ashley Woodard by a customer of Voya Financial Advisors, Inc. alleging that Mr. Woodard recommended illiquid and unsuitable securities. Per the customer, he/she lost over $100,000 due to Mr. Woodard’s actions. On October 5, 2020, Mr. Woodard settled the claim for $575,000 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In May 2019, a FINRA arbitration was filed against or in reference to Ashley Woodard by customers of Voya Financial Advisors, Inc., Capital Investment Group, Inc., and IFS Securities alleging that Mr. Woodard recommended unsuitable and illiquid securities. Per the customers, they lost over $1,000,000 due to Mr. Woodard’s actions. On February 21, 2020, Mr. Woodard settled the claim for $95,000 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In April 2019, a FINRA arbitration was filed against or in reference to Ashley Woodard by customers of Voya Financial Advisors, Inc., Capital Investment Group, Inc., and IFS Securities alleging that Mr. Woodard recommended unsuitable and illiquid securities. Per the customers, they lost over $1,000,000 due to Mr. Woodard’s actions. On August 21, 2020, Mr. Woodard settled the claim for $750,000 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In April 2019, a FINRA arbitration was filed against or in reference to Ashley Woodard by customers of Voya Financial Advisors, Inc., Capital Investment Group, Inc., and IFS Securities alleging that Mr. Woodard recommended unsuitable and illiquid securities. Per the customers, they lost over $1,000,000 due to Mr. Woodard’s actions. On February 21, 2020, Mr. Woodard settled the claim for $92,500 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In April 2019, a FINRA arbitration was filed against or in reference to Ashley Woodard by customers of Voya Financial Advisors, Inc. and IFS Securities alleging that Mr. Woodard misrepresented and recommended unsuitable alternative illiquid securities. Per the customers, they lost over $100,000 due to Mr. Woodard’s actions. On December 19, 2019, Mr. Woodard settled the claim for $107,500 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In March 2019, a FINRA arbitration was filed against or in reference to Ashley Woodard by a customer of Voya Financial Advisors, Inc. and IFS Securities alleging that Mr. Woodard advised the client to liquidate the entire portfolio and invest in unsuitable, high risk, high fee, and illiquid investments. On February 20, 2020, Mr. Woodard settled the claim for $37,500 and some or all of this amount may have been paid by Mr. Woodard’s employer and/or insurance carrier.
In November 2018, Ashley Woodard was the subject of a civil judgment or lien in the amount of $55,676. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor. As of this publication date, this event remains pending.
How To File A Claim Against Ashley Woodard (previously with NYLIFE Securities LLC, IFS Securities, and Voya Financial Advisors, Inc.) To Get Your Money Back.
If you have questions about Ashley Woodard, NYLIFE Securities LLC, IFS Securities, Voya Financial Advisors, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.