Last Updated: September 2023 (Lake Worth, FLA)
Kevin Hobbs Investigation Summary
Here’s what you need to know about Lake Worth, Florida , stockbroker Kevin Hobbs:
- Name: Mr. Kevin A. Hobbs
- Current Employer: Not Currently Registered as a FINRA broker
- Previous Firms: PFS Investments, Primerica Financial Services
- Function: Former Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: Lake Worth, Florida
- CRD 4267482
- Can Kevin A. Hobbs be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes-Barred
- Highest Settlement: $375,000
- Pending Customer Dispute Seeks Damages of $500,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Kevin Hobbs As Your Stockbroker?
Kevin A. Hobbs discloses 4 prior customer disputes on his official FINRA records.
In 1/2023 a customer of PFS Investments was paid $375,000 to resolve allegations that Kevin Hobbs made unsuitable investment recommendations which caused significant losses.
In 4/2014 a customer of PFS Investments was paid a settlement of $280,860 after allege that Kevin Hobbs provided incorrect advice with regard to the customers defined benefit plan.
In 1/2023 a customer of PFS Investments filed a FINRA arbitration alleging that Kevin Hobbs made unsuitable recommendations causing damages of $500,000. This case is currently pending.
FINRA ended Kevin Hobbs career as a licensed FINRA broker in 3/2023 when he was permanently barred. According to FINRA’s findings Hobbs provided an inaccurate response to FINRA’s request for information in connection with its investigation into allegations that Hobb’s was trading away from his firm in a customer’s third party brokerage account. FINRA found that Hobbs had participated in numerous private securities transactions without permission from his firm.
Allegations of Broker Misconduct Against Kevin Hobbs
Customers of Kevin A. Hobbs have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Trading away from his firm by handling customer’s third party brokerage accounts
- Provided incorrect advice with regard to a customer’s defined benefit plan
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Kevin A. Hobbs, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
