Written by The White Law Group• October 15, 2019• 5:47 pm• Current Investigations, Securities Fraud Articles

Eric A. Hesse Broker Investigation

Financial Advisor Eric A. Hesse, Citigroup Global Markets in Chicago, IL

Are you concerned about investments with Eric A. Hesse in Chicago, IL? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to the State of Illinois, on October 11, 2018, the Illinois Securities Commission reportedly filed a consent order against financial advisor Eric A. Hesse who was reportedly charged with “violating sections 12.A of the Illinois Securities Act,” in connection with the sales of Unit Investment Trusts (UITs).

According to his FINRA BrokerCheck report, Hesse was reportedly affiliated with Citigroup Global Markets in Chicago, IL from 2015 until 2019, when he was allegedly discharged “due to lack of confidence following internal review of potential document irregularities.”

His broker record indicates 4 customer complaints have allegedly been filed against him. Allegations include unsuitability and misrepresentation purportedly in connection with the sale of UITs and/or Structured Products.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Hesse’s employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois.

We represent investors in FINRA arbitration claims in all 50 states, including Illinois. Our attorneys have recovered millions of dollars from many brokerage firms in the past.