Written by The White Law Group• July 8, 2019• 5:48 pm• Blog, Current Investigations

Kerry Hoffman Broker Investigation

Kerry Hoffman, Investigation, Featured by Top Securities Fraud Attorneys, The White Law Group

Kerry Lee Hoffman, Former LPL Financial Broker Reportedly Charged with Securities Fraud

Are you concerned about your investments with Kerry Hoffman and LPL Financial? If so, the securities attorneys at The White Law Group may be able to help you.

The Securities and Exchange Commission has reportedly charged former LPL broker, Kerry Hoffman, and a friend for allegedly fraudulently selling securities to retail investors. Hoffman’s associate was reportedly previously charged by the SEC and allegedly convicted for purportedly stealing money from investors.

The SEC alleges that between July 2015 and July 2018, Hoffman and his friend raised more than $3.3 million from 46 investors through the sale of unregistered GT Media Inc. (Joy of Mom) securities.

According to Hoffman’s broker check report, he was allegedly registered with LPL Financial in Mundelein, IL from February 2010 until he voluntarily resigned in October 2018 because he purportedly “Held a private investment and executed an agreement to act as a Consultant to a company without disclosing or obtaining prior approval from LPL. Assisted some family members and a few clients with making investments in same company.”

Investigation

The White Law Group is investigating potential lawsuits regarding the liability that his former employers may have for failure to properly supervise Kerry Hoffman.

When brokers abuse client accounts and conduct transactions that violate securities laws, 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 and Franklin, Tennessee.

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, including LPL Financial.