Advisor Alert: Our Attorneys Are Investigating David Norval Wood For Investment Fraud
Did You Lose Money Because of David Wood?
Filed: March 21, 2024
David Wood currently has one (1) pending customer complaint. Overall, he has been the subject of two (2) 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 David Norval Wood.
Who Is David Norval Wood of Moloney Securities Co., Inc.?
- Advisor Name: David Norval Wood
- Aliases: David Wood
- CRD: 2306563
- Location: Manchester, Missouri
- Current Employer: Moloney Securities Co., Inc.
- Previous Firms: Hancock Securities Group, LLC and D.R. Hancock & Company, Inc.
- Number of Known Customer Complaints: 2
- Can David Wood Be Sued: Yes, in Private Arbitration
- Can David Wood’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $600,000
- Highest Settlement: $137,500
If you have suffered investment losses by David Wood, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise 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 David Wood For Broker Misconduct
As of this publication date, David Wood has been the subject of 2 customer disputes. Let’s review them below.
In October 2022, a FINRA arbitration was filed against or in reference to David Wood by a customer of Moloney Securities Co., Inc. alleging suitability/negligence. Per the customer, he/she lost over $218,750 because of Mr. Wood’s actions. On December 28, 2023, Mr. Wood settled the claim for $137,500, and some or all of this amount may have been paid by Mr. Wood’s employer and/or insurance carrier.
In January 2022, a FINRA arbitration was filed against or in reference to David Wood by a customer of Moloney Securities Co., Inc. alleging that Mr. Wood made unsuitable recommendations from 1990 to 2017. Per the customer, he/she lost over $600,000 because of Mr. Wood’s actions. As of this publication date, this claim remains pending.
How To File A Claim Against David Wood of Moloney Securities Co., Inc. (previously with Hancock Securities Group, LLC and D.R. Hancock & Company, Inc.) To Get Your Money Back
If you have questions about David Wood, Moloney Securities Co., Inc., Hancock Securities Group, LLC, D.R. Hancock & Company, 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.