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L. Jacob Woodall: Gainesville Advisor Had Mutual Fund Complaint
Cetera Financial Services advisor L. Jacob Woodall (CRD# 5499376) recently received an investor complaint alleging he provided misleading advice. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Acworth and Gainesville, Georgia.
Mr. Woodall’s BrokerCheck report discloses one investor complaint. Filed in July 2022, it alleges that as a representative of Cetera Investment Advisors, he misrepresented material information relating to investments in a mutual fund and a structured product. The complaint alleged unspecified damages and was denied by the firm.
For reference, misrepresentation occurs when a broker provides an investor with false or misleading information regarding an investment or an investment strategy. Fraudulent misrepresentation denotes the intentional provision of misleading information in order to deceive the client into making an investment, while negligent misrepresentation denotes misrepresentations made as a product of carelessness. Brokers who misrepresent information regarding material facts concerning an investment—for instance, its liquidity or riskiness—may be held liable in the event of losses.
According to the Financial Industry Regulatory Authority, L. Jacob Woodall holds 14 years of securities industry experience. Based in Acworth and Gainesville, Georgia, he has been a broker and an investment advisor with Cetera Financial Services and Cetera Investment Advisors since 2014. His past registrations include CUNA Brokerage Services (Duluth, Georgia; 2012-2014 and Martinsville, Virginia; 2008-2012) and New England Securities (Glen Allen, Virginia; 2008). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alabama, California, Colorado, Florida, Georgia, Kentucky, North Carolina, Tennessee, Texas, Virginia, and West Virginia. (Information current as of September 3, 2022.)
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