Brian Hoffman Allegedly Failed to Execute Trades

Brian Hoffman (CRD #: 6280535), a previously registered broker with Janney Montgomery, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 28, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On February 2, 2024, an investor alleged that Brian Hoffman failed to execute trades to implement her financial plan, which allegedly resulted in a lack of growth in her accounts. The firm denied the dispute, but investors should know that firms can deny disputes without any external review. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failing to execute trades may violate this rule. 

Reverse Churning

FINRA Rule 2111 requires that an investment strategy fit an investor’s financial goals. Churning happens when an advisor executes so many trades that the fees make it impossible for an investor to earn a return. Reverse churning occurs when an investment advisor collects a fee for managing an account without executing any trades. 

Background Information 

Brian Hoffman has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

During his nine years of experience, Brian Hoffman has registered with eight firms: 

• Janney Montgomery (CRD #: 463) 
• Oppenheimer & Co. (CRD #: 249) 
• Invest Financial Corporation (CRD #: 12984) 
• Invest Financial Corporation (CRD #: 12984) 
• Investment Centers of America (CRD #: 16443)
• National Planning Corporation (CRD #: 29604) 
• SII Investment (CRD #: 2225)
• AMG Distributors (CRD #: 27314) 
• Hartford Funds Distributors (CRD #: 45995) 

Kurta Law Can Help 

If you have worked with Brian Hoffman and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.