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National Investment Fraud Lawyers

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Investment Losses with Former Next Financial Group, Inc. Broker Anthony Hobson?

Posted on Monday, November 11th, 2019 at 8:16 pm    

Next Financial Group

Former Next Financial Group, Inc. broker Anthony Hobson (CRD# 4212302) faces one pending customer complaint for over-concentrated accounts in speculative alternative investments. Hobson has been registered with Money Concepts Capital Corp. in Griffith, Indiana since 2016. Hobson was previously registered with Investors Capital Corp. in Highland, Indiana from 2013 to 2016 and with Next Financial Group, Inc. in Highland, Indiana from 2007 to 2013.

Hobson has been the subject of three customer complaints between 2011 and 2019, according to his CRD report:

June 2019. “Customer alleges between April 2008 and November 2010, Registered Representative over-concentrated accounts in high-risk and speculative alternative investments.” The customer is seeking $218,500 in damages and the case is currently pending. This complaint took place while Hobson was employed by Next Financial Group, Inc. and it is regarding real estate securities and equipment leasing.

January 2015. “Customers allege that registered representative misrepresented the investment in Cornerstone Core Properties inc., REIT in April of 2008.” The customer sought $63,013.89 in damages and the case was settled for $32,500. This complaint took place while Hobson was employed by Next Financial Group, Inc. and it was regarding real estate securities.

May 2011. “Claimants allege that the product they were sold was unsuitable and misrepresented to them.” The customer sought $109,000 in damages and the case was settled for $100,000. This complaint took place while Hobson was employed by Primevest Financial Services, Inc. and it was regarding real estate securities.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Next Financial Group, Inc. may be liable for investment or other losses suffered by Hobson’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.