UPDATE! Have You Lost Money with ROBERT HOFFMAN of Greenwood, IN?
Robert Hoffman, formerly with Woodbury Financial Services, Barred by Indiana Securities Division
Have you lost money with financial advisor Robert Hoffman of Greenwood, Indiana? We are investigating allegations made by the Indiana Securities Division against Robert Hayes Hoffman. Hoffman was barred from the securities industry by the Indiana Securities Division, after he was previously barred by FINRA.
In November 2017, FINRA (the Financial Industry Regulatory Authority), also barred Hoffman. FINRA barred Robert Hoffman from the securities industry after he failed to respond to an investigation. FINRA was investigating Hoffman regarding an arbitration case filed against him, alleging unsuitable investment recommendations, unauthorized trading, excessive trading, and the use of private securities transactions.
Robert Hoffman was a financial advisor and registered representative of Woodbury Financial Services from 2006 to February 2017. He worked at a branch office in Greenwood, Indiana. Hoffman has been the subject of three customer complaints, one of which complains about a coal company, an aircraft company, and real estate investments. Hoffman was also the subject of a $107,000 tax lien in 2014.
Brokerage firms like Woodbury Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Ann Arbor, Michigan; Denver, Colorado; and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Indiana and throughout the greater Indianapolis area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Woodbury Financial Services.
Click to view: Hoffman, Robert Indiana Order
Click to view: Hoffman, Robert FINRA AWC (1)
Click to view: Hoffman, Robert BrokerCheck 11.17.17 (1)
If you lost money with Robert Hoffman or Woodbury Financial Services, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.