Last Updated: April 2025 | Smyrna, GA
Brett Wooten Investigation Summary
Here’s what you need to know about Smyrna, GA, stockbroker Brett Wooten:
- Name: Brett Alexander Wooten
- CRD Number: 5928719
- Function: Stockbroker / Financial Advisor
- Primary Location: Smyrna, GA
- Current Employer: PFS Investments Inc. (CRD# 10111)
- Also Registered With: Primerica Advisors as a Registered Investment Advisor
- DBA: Landmark Financial
- Regulatory Actions: None
- Highest Award or Settlement: $55,000
If you’ve sustained damages from Mr. Wooten, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Brett Wooten As Your Stockbroker?
On August 20, 2024, a customer filed a written complaint alleging mishandling of her mutual fund account. The complaint claimed that Mr. Wooten failed to prevent the customer from withdrawing her funds, which she later gave to a scam artist.
Key Details:
- Allegations: Advisor failed to prevent the client from withdrawing funds and failed to warn of potential tax consequences.
- Product Type: Mutual Funds
- Settlement Amount: $55,000
- Date Settled: December 12, 2024
Allegations of Broker Misconduct Against Brett Wooten
The single customer dispute on record involves the following allegations:
- Failure to Supervise Client Transactions
The complainant argued that Wooten should have prevented her from making a withdrawal, despite it being voluntarily initiated. While advisors are not typically required to override client instructions without evident fraud, the issue raised concern about potential supervisory negligence. This could relate to FINRA Rule 2010, which mandates high standards of commercial honor and ethical conduct.
- Misrepresentation of Tax Consequences
The client alleged that Wooten failed to disclose possible tax consequences tied to her withdrawal. While the customer ultimately gave the funds to a scam artist, the advisor was implicated due to perceived failure in oversight and client education. This may also implicate FINRA Rule 2111, which covers suitability and requires that brokers ensure clients understand the consequences of recommendations and actions.
Recover Your Investment Losses Now With Rex Securities Law
See this for information on our other investigations of PFS Investments brokers
If you have suffered investment losses in an account handled by Brett Alexander Wooten, 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.