Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on April 28, 2016 indicate that former Florida-based Wells Fargo broker Theodore Hoffman is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Hoffman (CRD# 734127).
Theodore Hoffman has spent 32 years in the securities industry and was most recently registered with Wells Fargo Advisors Financial Network in Palm Beach Gardens, Florida (2011-2014). Previous registrations include Merrill Lynch in Jupiter, Florida; AdVest in Hartford, Connecticut; UBS Financial Services in Weehawken, New Jersey; Dean Witter Reynolds in Purchase, New York; Prudential Securities in New York, New York; Lehman Brothers in New York, New York; and EG Frances Company. He is currently not registered with any state or firm.
According to his BrokerCheck report, Theodore Hoffman is the subject of four customer complaints and one pending customer complaint.
In January 2016, a customer alleged that Theodore Hoffman, while employed at UBS Financial Services, misrepresented and omitted material facts related to an investment. The customer is seeking $150,000 in damages in the pending complaint.
In 2013, a customer alleged that Theodore Hoffman, while employed at Merrill Lynch, misrepresented material facts, executed unauthorized trades, and made unsuitable investment recommendations. The complaint settled for $30,000.
In 2007, a customer alleged that Theodore Hoffman, while employed at UBS Financial Services, did not disclose surrender charges associated with an investment. The complaint settled for more than $12,300.
In 1981, a customer alleged that Theodore Hoffman, while employed at Nelson Gunn & Associates, engaged in churning and lost investment monies. The complaint resulted in an award to the customer of more than $12,600.
In 1974, a customer alleged Theodore Hoffman, while employed at Shearson Lehman Brothers, overstepped risk parameters. The complaint settled for $45,000.
If you have lost money investing with Theodore Hoffman, you may be entitled to recoup your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.