September 2023- Dallas, Texas
According to publicly available records Douglas L. Hodges , (CRD# 4253217) , a stockbroker who is not currently registered as a stockbroker and who was last employed by Hilltop Securities, disclose a FINRA suspension.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
FINRA alleged that Mr. Hodges, for the period April 2012-March 2014, violated NASD Rule 2010 and FINRA Rule 2010 by failing to adequately supervise the activities of a registered representative. The representative engaged in unsuitable short-term trading and switching in open-end mutual funds and/or unit investment trusts in four different customer accounts, and engaged in unsuitable trading in closed-end funds in two of the four customer accounts. Hodges was suspended for 15 days, ending in 8/2017 and was fined $5,000.
Hodges has been employed by Hilltop Securities from 12/2014-8/2022.
If you have questions about an account in an account handled by Douglas L. Hodges , contact us to discuss your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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