David Hobby – William David Hobby, Financial Advisor Discharged from Firm | Goodman & Nekvasil P.A., May Recover Investor Losses
Goodman & Nekvasil P.A., May Recover Investor Losses | David Hobby – William David Hobby, Financial Advisor Discharged from Firm
David Hobby CRD #2240076
David Hobby was a previously licensed financial advisor with UBS Financial Services, Inc. in Atlanta, Georgia. UBS Financial Services, Inc. reported to FINRA that David Hobby was discharged in 2018 after firm’s review found that David Hobby (i) exercised discretion in client account without written authorization, in violation of Order Entry Policy, (ii) failed to escalate same client's complaint, in violation of Customer Complaint Policy, and (iii) worked against firm's interests by assisting that client in efforts to procure settlement from firm.
FINRA reports that 3 customer complaints involving David Hobby’s conduct were settled in 2018. These complaints alleged, among other allegations, that David Hobby recommended unsuitable, risky and over-concentrated investments, executed excessive transactions and exercised discretion without written authorization. FINRA reports that one of these complaints settled for $350,000.
If you lost money on investments with David Hobby and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning David Hobby’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with David Hobby and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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