Clifford Hodgman Embroiled in Investor Dispute

Clifford Hodgman (CRD #: 4305009), a broker registered with Oppenheimer & Company, is the subject of a pending investor dispute, according to his BrokerCheck record, accessed on August 23, 2025. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On July 3, 2025, an investor alleged that Clifford Hodgman advised him not to diversify his account from 2008 to the date of filing, resulting in losses. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must use the information in an investor’s profile, such as their risk tolerance, tax status, age, and investing experience when making recommendations.

Investment strategies must also meet the requirements of suitability. Overconcentration is often an unsuitable investment strategy because it can increase the risk for an investor beyond what is appropriate for their financial goals.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Clifford Hodgman has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

Clifford Hodgman is a registered broker in 32 states and a registered investment adviser in Illinois, Michigan, Ohio, and Texas.

He has also worked for the following firms:

• Ameriprise Advisor Services (CRD#:5979)
• Citigroup Global Markets (CRD#:7059)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691) 

Kurta Law Can Help

If you worked with Clifford Hodgman and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.