Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on March 27, 2017 indicate that California-based Woodbury Financial Services broker/adviser Laura Stees has been the subject of several customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Stees (CRD# 5099504).
Laura Stees has ten years in the securities industry and was most recently registered with Woodbury Financial Services in San Diego, California (2006-2017). She has passed two securities industry examinations: Series 66 (Uniform Combined State Law Examination) and Series 7 (General Securities Representative Examination). She is currently not affiliated with any broker-dealer firm.
According to her BrokerCheck report, she has received three customer complaints.
In February 2016 a customer alleged Laura Stees, while employed at Woodbury Financial Services, made unsuitable investment recommendations, breached contract, committed violations of the California Securities Act, participated in the sale of unregistered securities, engaged in elder abuse, and breached her fiduciary duty. The complaint settled in December 2016 for $50,000.
In 2011 a customer alleged Laura Stees, while employed at Woodbury Financial Services, committed fraud and deceit, breached her fiduciary duty, engaged in unfair business practices, and acted negligently. The complaint settled for $427,500.
In 2011 a customer alleged Laura Stees, while employed at Woodbury Financial Services, participated in violations of the California Corporations Code, acted negligently, breached her fiduciary duty, deployed unfair business practices, and misrepresented material facts related to an investment. The complaint settled for $427,500.
Federal securities law prohibits brokers like Laura Stees from misrepresenting material facts, an act that constitutes the presentation of untrue or false statements that can mislead their clients. Brokers are also forbidden from omitting material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is an item of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Examples include the risk level of a stock, an investment’s potential return, or transaction fees. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities
If you or someone you know has complaints regarding Laura Stees, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.