ROGER EUGENE WOODRUFF is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 225 College Parkway STE 101, Parkersburg, WV, 26104.
ROGER EUGENE WOODRUFF has worked at SECURITIES AMERICA, INC. since June 01, 2017
Disclosure History
ROGER EUGENE WOODRUFF has 1 Disclosure Event(s).
Date: September 15, 2004 Category: Customer Dispute Allegations: COUNSEL ALLEGES THAT THE CUSTOMER WAS LED TO BELIEVE THAT THE POLICY HE PURCHASED IN 1987 WAS AN INVESTMENT/RETIREMENT PLAN THAT WOULD ACCRUE INTEREST IN A MANNER IN WHICH THE POLICY WOULD EVENTUALLY PAY FOR ITSELF. COUNSEL ALSO ALLEGES THAT THE CUSTOMER WAS LED TO BELIEVE THAT THE CASH VALUE OF THE POLICY WOULD BE GREATER AT CERTAIN TIMES THAN IT ACTUALLY WAS. DAMAGES ARE UNSPECIFIED, BUT BELIEVE TO BE GREATER THAN $5000. Settlement Amount: $7,165,000.00 Broker Comment: THIS MATTER WAS RESOLVED AS PART OF THE SETTLEMENT OF A NUMBER OF LAWSUITS, CLAIMS AND THREATENED CLAIMS BY POLICYHOLDERS AGAINST THE EMPLOYING FIRM AND/OR ITS AFFILIATES AND CERTAIN OF ITS CURRENT AND FORMER REPRESENTATIVES. NO SPECIFIC PORTION OF THE TOTAL SETTLEMENT WAS ALLOCATED BY THE PAYING DEFENDANTS TO RESOLVE SPECIFIC ALLEDGED CALIMS IN WHICH THE REGISTERED REPRESENTATIVE IS A NAMED PARTY. THE EMPLOYING FIRM BELIEVES THAT THE TOTAL SETTLEMENT AMOUNT EXCEEDS $10,000. THE EMPLOYING FIRM AND ITS REGISTERED REPRESENTATIVES EXPRESSLY DENY ANY WRONGDOING OR LIABILITY IN CONNECTION WITH THESE CLAIMS.
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