Goodman & Nekvasil, P.A. May Recover Investor Losses – Robert Hayes Hoffmann (Robert Hoffmann) Formerly Licensed with Woodbury Financial Services, Inc. Barred from Securities Industry
Goodman & Nekvasil, P.A. may help investors recover monies that they lost on investments with Robert Hoffmann. According to FINRA, Robert Hoffmann was barred from the securities industry on November 16, 2017. FINRA reports that Robert Hoffmann consented to the sanction and to the entry of findings that Robert Hoffmann refused to appear for FINRA-requested on-the-record testimony in connection with an investigation into allegations by a customer concerning, among other things, potential unsuitable recommendations, unauthorized transactions, excessive trading, and private securities transactions.
FINRA reports that a complaint was filed involving Robert Hoffman’s conduct with Woodbury Financial Securities, Inc. The customer alleged that Robert Hoffmann had her purchase an unsuitable variable annuity that also created tax consequences. This complaint was settled.
FINRA also reports that two arbitration claims involving Robert Hoffman’s conduct with Woodbury Financial Services, Inc. have been filed, alleging breach of fiduciary duty, suitability, misrepresentation, selling away, unauthorized trading and/or churning. These two arbitration claims are currently pending, with one of these claims alleging damages of 3,200,000.
If you lost any money on investments with Robert Hoffman, you may be able to recover your losses from Woodbury Financial Services, Inc. This is because Woodbury Financial Services, Inc. had a duty to supervise Robert Hoffman.
If you invested with Robert Hoffman, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Woodbury Financial Services, Inc. concerning Robert Hoffman’s conduct. There is no charge for an evaluation of your case. Further, we handle 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.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Robert Hoffman 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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