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Kerry Hoffman Allegedly Made Unsuitable Investment Recommendations

Kerry Hoffman (CRD #: 2224354), a broker registered with B. Riley Wealth Management, allegedly gave unsuitable investment recommendations, according to his BrokerCheck record, accessed on July 17, 2023. Investors may have also worked with him through B. Riley Wealth Advisors. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

In a dispute filed on June 2, 2023, an investor alleged that Kerry Hoffman recommended unsuitable and speculative investments. The client seeks $200,000 in damages in this pending dispute.

This is the third dispute on Kerry Hoffman’s record alleging unsuitable investment recommendations. 

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes their risk tolerance, age, tax status, and other characteristics.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Kerry Hoffman 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 7 – General Securities Representative Examination

Kerry Hoffman is a registered broker in 25 states and a registered investment adviser in Florida.

He has also worked for the following firms:

  • National Securities Corporation (CRD#:7569)
  • Morgan Stanley (CRD#:149777)
  • Raymond James Financial Services Advisors (CRD#:149018)
  • Raymond James Financial Services (CRD#:6694)
  • High Mark Securities (CRD#:42467)
  • Prime Charter (CRD#:25668)
  • GKN Securities Corporation (CRD#:19415)
  • Gruntal & Company (CRD#:372)
  • Continental Broker-Dealer Corporation (CRD#:14048)

Kurta Law Can Help

If you worked with Kerry Hoffman 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. 

 

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