July 10, 2015-Lubbock, TX
Jeffery Karl Hobgood entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he willfully failed to amend FINRA disclosure forms to disclose an IRS tax lien of $212,000 .
Failure to disclose the lien with thirty days of receipt is a violation of FINRA Rules 1122 and 2010.
Hobgood was fined $5,000 and suspended for six months.
FINRA AWC 2014039092901
According to FINRA records, Hobgood was registered with Lowell and Company from 9/2010-5/2015. Prior to that he was registered with Prospera Financial Services.
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