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Investor Seeks Six Figures in Suitability Dispute with Jeffrey Hobert

Aug 12, 2022 Unsuitable Investments

Jeffrey Hobert (CRD #: 6451659), a broker registered with Centaurus Financial, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on July 29, 2022. Keep reading if you have questions about Jeffrey Hobert’s conduct as a broker.

Investor Dispute

On June 6, 2022, an investor alleged that Jeffrey Hobert recommended a high-risk, high commission, and illiquid investment in March 2020. The client seeks $100,001 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently match an investor’s financial goals. Brokers must use the information contained in an investor’s profile, such as their risk tolerance, financial goals, and age when making investment recommendations.

Investors who believe they have lost money due to unsuitable recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Jeffrey Hobert has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 65 – Uniform Investment Adviser Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Jeffrey Hobert is a registered broker in California, Connecticut, Illinois, and Texas. He is also a registered investment adviser in California, Connecticut, and Illinois.

Kurta Law Can Help

If you worked with Jeffrey Hobert 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 and 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.