Eric Hollifield Investigation
November 2021-Ducala, GA
According to FINRA records Eric S. Hollifield, an unregistered financial advisor previously employed by LPL Financial discloses a multi-million dollar suit by a customer involving an off shore annuity and a regulatory bar.
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.
In October of 2021, FINRA case #2021072558701 was filed and without admitting or denying the findings, Hollifield consented to the sanction and to the entry of findings that he refused to appear for an on-the-record testimony or to produce the documents and information requested by FINRA in connection with its investigation into Hollifield’s potential conversion of funds from an elderly customer. He was barred from FINRA in all capacities.
In August of 2021, customer of LPL Financial Corporation made a claim, alleging that Hollifield misappropriated funds from her account and is seeking damages of $1.240,000.
In 8/2021, Hollifield was discharged from employment with LPL Financiall after allegations that he failed to disclose an outside business activity to the firm.
In May of 2019, the Internal Revenue Service filed a tax lien against Hollifield in the amount of $179,444 In Dacula, GA. The lien is currently outstanding.
Hollifield was employed by LPL Financial from 10/2016 -9/20221. He operated his investment business in Dacula, GA, under the business name of Hamilton Investment Counsel.
If you have losses in an account handled by Eric Hollifield, call to speak with an experienced securities attorney to learn how you may be able to recover damages through FINRA arbitration.
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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