Ashlee Godfrey Barred by FINRA: Misrepresentation Allegations

Ashlee Godfrey (CRD# 5889108[1]), formerly a broker registered with Benjamin F. Edward & Company, misrepresented investments, according to a recent regulatory sanction. MDF Law is investigating the former Dalton, Georgia-based financial professional for similar conduct. If you have concerns about your investments, contact us for a free consultation.

To learn more about Ms. Godfrey’s professional history, continue reading this post. The below information is sourced from his BrokerCheck record, a Financial Industry Regulatory Authority resource accessed on September 15, 2024. 

Why Did FINRA Bar Ashlee Godfrey?

On September 9, 2024, FINRA announced a disciplinary proceeding against Ms. Godfrey. The sanction found that she “refused to provide on-the-record testimony requested by FINRA” as part of an investigation. As a disclosure on her BrokerCheck record notes, the investigation concerned “misstatements she made to a customer of her member firm using an unapproved communication platform.”

FINRA also found that she misrepresented to a client that preferred securities were insured investments. While Ms. Godfrey neither admitted to nor denied the allegations, she consented to the entry of FINRA’s findings. She also consented to a permanent bar from registering with any FINRA member firm in all capacities. 

Past Disputes Settled for Six Figures

Between 2021 and 2022, five parties of investors filed disputes involving Ms. Godfrey. These disputes included allegations of false assurances that investments were insured and that she recommended high-risk securities. Her former member firm settled the disputes for more than $160,000 in total.

Firms Denied Two Disputes

Ms. Godfrey’s BrokerCheck profile also discloses two investor disputes filed in 2014 and 2018. One alleged that she failed to follow a client’s instructions, while another alleged that she misrepresented corporate bond products. Her former member firms denied both claims. 

FINRA: Godfrey Formerly Based in Dalton, Georgia

Ashlee Godfrey launched her career as a broker in 2011, when she registered with Edward Jones’ office in Dalton, Georgia. She stayed at the firm until 2014, when she departed for Wells Fargo Clearing Services. In 2021 she registered with Benjamin F. Edwards & Company’s Dalton, Georgia office, where she remained until 2023. With 12 years of experience as a broker, she has completed eight industry exams, including the Series 7 and the Series 66. 

Contact MDF Law With Investment Complaints

Do you have concerns regarding investments recommended by Ashlee Godfrey? You have rights as an investor, including the right to pursue a FINRA arbitration proceeding. Call MDF Law at 800-767-8040 for a free consultation with our team. Not only do we provide free consultations nationwide, but our clients only pay a fee if they successfully recover lost funds. Don’t delay—call MDF Law today.