Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Former HD Vest Broker Donna Barnard Facing Multiple Complaints for Selling Customers Woodbridge Ponzi Scheme

Former HD Vest broker Donna Barnard is facing multiple complaints involving Woodbridge Investment Funds. Allegations from impacted customers include the misrepresentation of material facts, failure to conduct reasonable due diligence, unsuitable recommendations, and selling unregistered securities.

Donna Barnard is not currently registered with any firm or state. She began her career in the securities industry in 2004 and previously worked for Signal Securities and Woodmen Financial Services before joining HD Vest Investment Services in 2014. She remained employed with HD Vest until 2017.

With eleven pending disputes involving the Woodbridge Mortgage Investment Funds on her FINRA report, total damages requested measure in the millions. In all of the disputes, Barnard is accused of misrepresenting material facts and recommending unsuitable investments involving Woodbridge Investment Funds.

According to the SEC, Woodbridge Group of Companies, an unregistered group of companies formerly based out of Boca Raton, Florida, successfully defrauded more than 8,400 investors, bilking them out of approximately $1.2 billion in a massive Ponzi scheme. The SEC's complaint against Woodbridge asserts that its business model was to borrow money from investors in exchange for promissory notes that were allegedly backed by Mortgages. The notes would mature in 12 to 18 months, and had interest rates of between five and eight percent that was to be paid out monthly. The constant infusion of new investor money was used to pay current investors' interest and dividend payments. When the money ran out, Woodbridge declared bankruptcy.

Did You Lose Money While Investing with Donna Barnard?

If you or someone you know is worried you may have lost money while working with former Kilgore, TX broker Donna Barnard, Meyer Wilson would like to hear from you. Give our office a call at (614) 532-4576 for a free case evaluation. You may be able to recoup some or all of your losses.

Related Posts:

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram