According to FINRA, Charles William Wodrich has been barred from association with any FINRA member in all capacities for failing to respond fully to FINRA's requests for information and refusing to provide testimony.

The investigation began after a complaint to FINRA's Securities Helpline for Seniors. FINRA was investigating whether Wodrich provided misleading information to a senior customer, recommended securities transactions not in the customer's best interest, and used a personal email account for securities business.

FINRA requested telephone numbers Wodrich used with customers, telephone records, information about discretionary trading, and names of customers he communicated with via personal email. Despite multiple requests, Wodrich provided only partial responses and wrote that he "do[es] not consent" to FINRA's requests.

Wodrich also failed to appear for on-the-record testimony, offering no explanation other than that he did not consent to the request.

Cooperation with regulatory investigations is mandatory for securities industry participants. When professionals refuse to cooperate, particularly in investigations involving senior investors, it prevents regulators from determining whether investor harm occurred and results in industry bars.

Senior investors are often targeted for financial exploitation, making FINRA's Helpline for Seniors an important resource. Investors or their families can report concerns at 844-574-3577.