Erez Law is currently investigating former Woodbury Financial Services, Inc. financial advisor Robert Hoffman (CRD# 4008798) regarding unauthorized trades, churning and unsuitable investment recommendations. Hoffman was registered with Thurston, Springer, Miller, Herd & Titak, Inc. in Indianapolis, Indiana from April to May 2017. Previously, he was registered with Woodbury Financial Services, Inc. in Greenwood, Indiana from 2006 to 2017.
Hoffman has been the subject of two customer complaints between 2014 and 2017, according to his CRD report:
- January 2017. “Suitability; unauthorized trading; churning.” The customer is seeking $3,200,000 in damages and the case is currently pending.
- August 2014. “The customer alleges the representative had her purchase an unsuitable variable annuity in May 2014 that also created tax consequences.” The case was settled for $47,574.63.
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, Woodbury Financial Services, Inc. may be liable for investment or other losses suffered by Hoffman’s customers.
Erez Law represents investors in the United States for claims against former Woodbury Financial Services, Inc. financial advisor Robert Hoffman, regarding unauthorized trades, churning and unsuitable investment recommendations. If you were a client of Woodbury Financial Services, Inc. or another firm, 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.