Were you the victim of Independent Financial Group, LLC broker David Elhoff (CRD# 855864)? He has been registered with Independent Financial Group, LLC in Surprise, Arizona, from 2004 to 2026.
In March 1998, the state of California summarily revoked the broker’s registration “for non-payment of renewal fee.”
David Elhoff Customer Complaints
He has been the subject of five customer complaints between 1995 and 2026, according to his CRD report. The most recent complaint was regarding:
January 2026. “Alleges investments were made without the client’s consent and that investments were not suitable. Part of the claim is also for taxes paid as the result of a recommendation that the client roll a Traditional IRA into a ROTH.” The customer is seeking $100,000 in damages, and the case is currently pending. The complaint was regarding unit investment trusts (UITs) and non-traded real estate investment trust (REITs), interval funds, and mutual fund losses.
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, Independent Financial Group, LLC may be liable for investment or other losses suffered by David Elhoff’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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.
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