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Investor Seeks Over $1.3 Million in Damages in Dispute with Samantha Hobart

Jan 17, 2023 Unsuitable Investments

Samantha Hobart (CRD #: 6251748), a broker registered with Morgan Stanley, allegedly recommended an unsuitable investment strategy, according to her BrokerCheck record, accessed on January 10, 2023. If you have questions about her alleged conduct as a broker, keep reading.

Investor Dispute

On October 14, 2022, an investor alleged that, among other things, Samantha Hobart made an unsuitable recommendation of a covered call strategy that the client implemented from 2021-2022. The client seeks $1,315,300 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must examine the characteristics described in an investor’s profile, such as their age, risk tolerance, and overall financial situation.

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

Background Information

Samantha Hobart has passed the following exams:

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

Samantha Hobart is a registered broker in 19 states and a registered investment adviser in California and Texas.

Kurta Law Can Help

If you worked with Samantha Hobart and you have concerns about your investments, please contact us today at 877-600-0098 or 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.