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Derrick Hobbs No Longer Registered with Prostatis Financial Advisors Groups

Derrick Hobbs (CRD #: 5386724) was permitted to resign from Prostatis Financial Advisors Group. This disclosure appears on his BrokerCheck record, accessed on May 10, 2024. Keep reading if you have questions regarding his alleged conduct. 

Employment Separation After Allegations

On March 25, 2024, Prostatis Financial Advisors Groups permitted Derrick Hobbs to resign. The firm alleged that Derrick Hobbs mishandled client documentation. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Mishandling client information may violate this rule. 

Background Information 

Derrick Hobbs has passed the following exams:

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

During his 12 years of experience, he has registered with four firms: 

  • Fidelity Brokerage Services (CRD #: 7784) 
  • TIAA-Cref Individual & Institutional Services (CRD #: 20472) 
  • TD Ameritrade (CRD #: 7870)
  • T. Rowe Price Investment Services (CRD #: 8348) 

Kurta Law Can Help 

If you have worked with Derrick Hobbs and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.

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