Robert Woods: Wedbush Advisor Lands $1mm Complaint

Los Angeles financial advisor Robert Woods (CRD# 820999) allegedly recommended unsuitable investments and violated industry rules, according to an investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Wedbush Securities.

Mr. Woods’ BrokerCheck report discloses one investor complaint. Filed in June 2025, it alleges that as a representative of Wedbush Securities, he recommended unsuitable investments, breached his fiduciary duty, violated regulation Best Interest, acted negligently, failed in his supervisory responsibilities, and violated standards of commercial honor and principals of trade. The pending complaint alleges damages of $1,089,925.

Wedbush Securities’ website includes a profile of Mr. Woods in which he describes his background and services, including his commitment to putting his clients first. “With many years of experience in the securities industry, I am committed to using my experience and knowledge to educate clients to help them make informed investment decisions,” he explains. “I will help you clearly define your investment objectives and risk tolerance to determine an asset allocation strategy designed to help you work toward achieving your financial goals.”

According to the Financial Industry Regulatory Authority, Robert Woods holds 43 years of securities industry experience. Based in Los Angeles, California, he has been registered as a broker and an investment advisor with Wedbush Securities since 1995 and 2006, respectively. His past registrations include the passage of 13 securities industry qualifying exams, including: the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor Exam – Options Module & General Module, or Series 8; the General Securities Representative Examination, or Series 7; the Interest Rate Options Examination, or Series 5; and the National Commodity Futures Examination, or Series 3. He holds 29 state licenses. (Information current as of August 6, 2025.)

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