Philly Area Father-Son Team Wins $500K From Woodbury For Defamation

January 8, 2024 by Eric Rasmussen

A father-son advisory team in the Philadelphia area has won a half-million-dollar arbitration award from their former firm, Woodbury Financial Services, after an arbitration panel found that the two had been defamed by the broker-dealer.

Advisors Joseph Michael Cucinotta Sr. and his son, Cucinotta Jr., were both terminated in September 2021 by Woodbury, a subsidiary of the Advisor Group (whose name was changed last year to Osaic).

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Originally Posted at Financial Advisor on January 8, 2024 by Eric Rasmussen.