Goodman and Nekvasil May Recover Investor Losses | Jeffrey Alan Hill, Financial Advisor Suspended by FINRA
Jeffrey Hill was licensed with Dougherty & Company LLC from 2003 to 2014 and Wells Fargo Advisors from 2014 to 2016. Jeffrey Hill was suspended from association with any FINRA member in any capacity for fifteen months, fined $5,000 and a disgorgement of $45,000.
FINRA reports Jeffrey Hill consented to the sanction and to the entry of findings that Jeffrey Hill initiated hundreds of trades for two elderly customers without contacting them approximately half the time and recommended or engaged in dozens of transactions that were qualitatively or quantitatively unsuitable or lacked a reasonable basis, including short-term trading of corporate and municipal bonds.
FINRA found that on several occasions, Jeffrey Hill recommended that one of the customers sell bonds shortly after buying them or initiated such transactions for those customers. The AWC states that Jeffrey Hill had no reasonable basis to believe the trades were suitable, especially considering the commissions he earned as a result of those transactions. FINRA reports that the document found that he recommended one customer purchase securities on margin for their account, which was inconsistent with the customer’s investment objectives, income needs, and other available assets, making the transaction qualitatively unsuitable.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
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. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment with Jeffrey Alan Hill, you may be able to recover your losses from Wells Fargo Advisors and/or Dougherty & Company LLC. This is because Wells Fargo Advisors and Dougherty & Company LLC, had a duty to supervise Jeffrey Alan Hill. If you 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.