William Hobdy Suspended by FINRA
William Hobdy (CRD #: 7280004), a former broker, has been suspended from FINRA, according to his BrokerCheck record, accessed on June 2, 2022. Keep reading to learn more about William Hobdy’s conduct as a broker.
Suspension from FINRA
On May 18, 2022, William Hobdy was suspended from FINRA after allegedly engaging in undisclosed outside business activities while registered with Hold Brothers Capital.
The Acceptance, Waiver & Consent (AWC) agreement alleges that William Hobdy engaged in seven outside business activities from September 9, 2020, through October 16, 2020, and failed to disclose these activities to the firm during this time. These outside businesses involved rental properties and music.
The AWC concludes that these allegations constitute violations of FINRA Rules 3270 and 2010.
FINRA Rules 3270 and 2010
FINRA Rule 3270 requires brokers to disclose to their member firms in writing any business they engage in outside of their role as a broker.
Violations of Rule 3270 may also violate FINRA Rule 2010, which holds brokers to high standards of commercial honor and ethical conduct.
William Hobdy consented to the following sanctions:
- $5,000 fine
- 30-calendar day suspension from associating with FINRA members in all capacities
His suspension will begin on June 6, 2022, and will end on July 5, 2022.
You can read the full AWC filing here.
Current Outside Business Activities
William Hobdy’s detailed BrokerCheck report currently lists one outside business activity: General Partner at Brightfield Research, an investment management firm.
William Hobdy has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- Series 65 – Uniform Investment Adviser Law Examination
- Series 34 – Retail Off-Exchange FOREX Examination
- Series 57TO – Securities Trader Exam
- SIE – Securities Industry Essentials Examination
He has also worked for Hold Brothers Capital (CRD#:151864).
Kurta Law Can Help
If you worked with William Hobdy and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.