Last Updated: February 2025 — Mount Vernon, IL & Sarasota, FL
Here’s what you need to know about Mount Vernon, IL, & Sarasota, FL, stockbroker David N. Wood:
- Name: David Norval Wood
- Current Employer: Not currently registered with a FINRA-member firm
- Prior Firms: Moloney Securities Co., Inc. (10/2010–09/2025, Mount Vernon, IL); Hancock Securities Group, LLC (04/2000–10/2010, Mount Vernon, IL); D.R. Hancock & Company, Inc. (01/1993–05/2000, Carbondale, IL)
- Other Business Affiliations: Owner—Wood Forensic Valuation Services (Sarasota, FL); Trustee—Regenhardt Education Trust (Sarasota, FL); Handgun Concealed Carry Instructor (Sarasota, FL); Trustee—Bernard F. Kuenz Trust (Sarasota, FL)
- CRD number: 2306563
- Stockbroker / Financial Advisor: passed SIE (10/01/2018), Series 7 (12/23/1992), Series 63 (01/22/1993)
- Can Broker be Sued in FINRA: Yes
- Highest Award or Settlement: $137,500
If you’ve sustained damages from Mr. Wood, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David N. Wood As Your Stockbroker?
Two customer disputes involving recommendations by David Wood to invest in Direct Participation Programs (DPPs) & Limited Partnership interests have been settled:
- FINRA Case No. 22-02389 (12/2023) — Alleged suitability/negligence related to DPP/LP investments (activity 2013–2015) while at Moloney Securities Co., Inc. Settled for $137,500.
- FINRA Case No. 22-00007 (11/2024) — Alleged unsuitable recommendations (activity 1990–2017) in DPP/LP products while at Moloney Securities Co., Inc. Settled for $32,500.
Allegations of Broker Misconduct Against David N. Wood
- Unsuitable recommendations / negligence in alternative investments such as DPPs and LP interests (applicable standard: FINRA Rule 2111 – Suitability requires a reasonable basis and customer-specific suitability).
More on REITs and Other Alternative Investments
Recover Your Investment Losses Now With Rex Securities Law
See this for prior investigations of Moloney Securities brokers
If you have suffered investment losses in an account handled by David N. Wood, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.