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Written by 6:12 pm Blog, Current Investigations

Robert H. Hoffmann Barred from Securities Industry

Robert H. Hoffmann

FINRA bars Robert H. Hoffmann for Reportedly Refusing to Testify

According to the Financial Industry Regulatory Authority, Robert H. Hoffmann has purportedly been permanently barred from the securities industry.

On October 13, 2017, FINRA indicates that staff sent a request to Hoffmann for on-the-record testimony. The request was reportedly sent in connection with an investigation into allegations by a customer concerning, among other things, potential unsuitable recommendations, unauthorized transactions, excessive trading, and private securities transactions, while Hoffmann was registered with FINRA through Woodbury Financial Services.

As stated by his counsel in an email to FlNRA staff on October 17, 2017, and by this agreement, Hoffmann allegedly acknowledged that he received FINRA’s request and will not appear for on-the-record testimony at any time.

For FINRA’s full findings see FINRA case #2017053596501.

According to Hoffmann’s BrokerCheck report, he was registered with Woodbury Financial Services in Greenwood, IN from July 2006 through March 2017. He reportedly has one pending customer dispute listed from January 2017 for suitability, unauthorized trading and churning. The damage amount requested appears to be $3,200,000.

Investigating Potential Claims

The White Law Group is investigating the liability that Hoffmann’s employers may have for losses sustained by his clients.  Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules. If it is determined that the broker dealer failed to supervise their agent, they can be held responsible for losses in a FINRA arbitration claim.

Are you concerned about investment losses with Robert H. Hoffmann?  The attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.

The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, please visit www.whitesecuritieslaw.com.





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