Haselkorn & Thibaut Opens Investigation into David Norval Wood of Mount Vernon, IL and Sarasota, FL (Formerly with Moloney Securities Co., Inc.)
If you invested with David Norval Wood—previously of Moloney Securities Co., Inc.—you may be looking for clear, unbiased information about your options. Haselkorn & Thibaut, a national investment fraud law firm, has opened an investigation into the actions and investment recommendations of Mr. Wood. With over 50 years of experience, a 98% success rate, and millions recovered for investors, our team is prepared to help you understand your rights and recover potential losses. If you have concerns, call now for a free consultation: 1-888-885-7162.
Who Is David Norval Wood?
David Norval Wood (CRD #2306563) has been active in the financial industry for several decades. Based in Mount Vernon, IL, and Sarasota, FL, Mr. Wood was most recently affiliated with Moloney Securities Co., Inc. from October 2010 to September 2025. He has held other positions at Hancock Securities Group, LLC and D.R. Hancock & Company, Inc., and is involved in several business activities, including Wood Forensic Valuation Services.
As of early 2025, David Wood is not currently registered with any FINRA-member firm. His background includes passing the Series 7, Series 63, and SIE exams, establishing him as a licensed stockbroker and financial advisor.
Summary Table: David Norval Wood
| Field | Value |
|---|---|
| Advisor Name | David Norval Wood |
| Advisor’s CRD | 2306563 |
| Broker-Dealer | Moloney Securities Co., Inc. |
| Former Locations | Mount Vernon, IL; Sarasota, FL |
Complaints & Disputes Involving David Norval Wood
Investors rightly expect that their financial advisor will recommend investments suited to their needs, risk tolerance, and goals. In the case of David Norval Wood, public records and reported arbitration summaries show the following significant customer disputes:
- FINRA Case No. 22-02389 (Settled 12/2023): The complaint alleged unsuitability and negligence regarding recommendations to invest in Direct Participation Programs (DPPs) and Limited Partnership (LP) interests between 2013 and 2015 while at Moloney Securities Co., Inc. The matter was settled for $137,500.
- FINRA Case No. 22-00007 (Settled 11/2024): This case involved alleged unsuitable recommendations in DPP/LP products dating back to activities from 1990-2017, also at Moloney Securities Co., Inc. It settled for $32,500.
Allegations Raised
– Investors alleged that David Norval Wood recommended complex alternative investments—including DPPs and LP interests—without proper consideration of suitability.
– The claims alleged violations of FINRA Rule 2111, which requires brokers to ensure investment recommendations are appropriate for each customer’s unique profile.
No Regulatory or Criminal Record (as of May 2024)
It’s important to provide a complete picture. According to searches of FINRA BrokerCheck, the SEC’s EDGAR, federal court records (PACER), and state regulators, David Norval Wood:
- Has no disclosure events on FINRA BrokerCheck (no reported regulatory actions or arbitrations in the core record).
- Is not named in any SEC enforcement or administrative actions.
- Has no federal lawsuits or indictments reported in public court records in connection with financial services.
- Is not the subject of media-reported regulatory probes or state investigations.
For investors, this means that while regulatory agencies have not sanctioned Mr. Wood, there are nonetheless two notable settled investor claims concerning the suitability of alternative investments.
Potential Red Flags for Investors
While no disciplinary record exists for Mr. Wood, the following red flags should prompt investors to review their accounts and communications:
- Settled customer disputes alleging unsuitable investment recommendations.
- Sale of complex, high-risk products like Direct Participation Programs and Limited Partnerships, which may not be suitable for all investors.
- Lack of ongoing registration with a FINRA-member firm, which may impact the ability to supervise or hold the advisor accountable going forward.
Why Suitability Matters
Suitability is among the most critical duties a financial professional owes to clients. Advisors must base every recommendation not just on product features or commissions, but also on each client’s goals, risk tolerance, experience, and financial situation. Failure to do so may entitle investors to pursue recovery of their losses.
Your Options: How Haselkorn & Thibaut Can Help
If you sustained investment losses after working with David Norval Wood, especially at Moloney Securities Co., Inc., you are not alone, and you have options. At Haselkorn & Thibaut, our experienced investment fraud attorneys represent clients nationwide in FINRA arbitration and other recovery actions—with no upfront fees, and no recovery, no fee.
Key reasons to contact us:
- Complimentary, confidential case evaluations
- Nationally recognized team with over 50 years of combined experience
- 98% success rate recovering funds for investors
- Dedicated attention—every client matters
Have Questions? We’re Here for You.
If you have questions about your investments with David Norval Wood or suffered unexpected losses, contact Haselkorn & Thibaut at 1-888-885-7162. Our team is ready to analyze your case and explain your recovery options—there is no cost and no obligation.
Take Action Now
Don’t delay seeking answers. Settlements and awards demonstrate that investors have the potential to recover losses when unsuitable recommendations are proven. Contact Haselkorn & Thibaut today and let us help you move forward with confidence.
