Broker-Dealer Profiles | Page 8 | Cold Spring Advisory Group

Broker-Dealer Profiles

Woodstock Financial Group, Inc. (CRD# 38095) (SEC# 8-48080)

Woodstock Financial Group, Inc., is a Woodstock, Georgia-based brokerage firm with its main office located at 117 Towne Lakes Parkway, Suite 200. The firm took the name Woodstock Financial in Georgia on April 28, 2009 and registered with the Securities Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) in 1995. 

Woodstock Financial’s FINRA BrokerCheck Report contains three final regulatory events, the most recent of which occurred in March of 2013. The New York State Department of Financial Services alleged the firm failed to disclose certain information regarding four separate arbitrations on its application for an insurance agency license. The firm was consequently fined $9,000.

Legend Securities, INC. (CRD# 44952) (SEC# 8-50886)

Legend Securities, Inc., is a New York City-based brokerage firm located at 45 Broadway, 2nd Floor in New York, 10006. The firm has several satellite branches in New Jersey and on Long Island. It was formed in New York in 1998 and was registered with the Securities Exchange Commission (SEC) and the Financial Industries Regulatory Authority (FINRA) in 1998.

Legend Securities’ FINRA BrokerCheck report lists 6 final regulatory events and 1 arbitration. The report reflects a history of transmitting reports with inaccurate information and a failure to submit reports within a designated period of time. In 2014, Legend Securities consented to FINRA findings in a Acceptance, Waiver and Consent Letter (AWC) that alleged the firm incorrectly reported agency transactions as principal or riskless transactions and accepted customer orders in pre-market or post-market hours that involve material trading risks without disclosing any characteristics of the trade or any risks involved. These violations allegedly took place between January 9, 2012 and January 20, 2012.

Pages