Leslie Wood Allegedly Disregarded an Investment Directive

Leslie Wood (CRD #: 4759719), a broker registered with Northwestern Mutual Investment Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 21, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On April 15, 2024, an investor alleged that Leslie Wood changed the investment directive and investment selections in their managed advisory accounts without their knowledge or approval. 

• They further alleged that the accounts then lost value.
• The investors also alleged that in May 2022 Leslie Wood presented them with incomplete paperwork and did not disclose that the paperwork he asked them to sign would authorize changes to the investment selections in their account. 
• According to the investors, they instructed him to deposit their funds into cash, but the funds were invested in an investment account. 

The investors are seeking $100,000. 

Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Background Information 

Leslie Wood has passed the following exams:

• Series 66 Uniform Combined State Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 

He is a registered broker in 14 states and is a registered investment adviser in Alabama. 

Kurta Law Can Help 

If you have worked with Leslie Wood and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.