Securities Arbitration Lawyers BlogBroker Jeffrey Alan Hill Gets 15-Month Suspension for Allegedly Bilking Elderly Customers
The broker was also fined and fired from Wells Fargo
Broker Jeffrey Alan Hill has been suspended by the Financial Industry Regulatory Authority (FINRA) for all of 2017 and will not be allowed to sell securities again until March of 2018. He was also fined $50,000.
FINRA’s investigation reported that Hill made hundreds of trades for two elderly clients, only contacting them about half of the time. In addition, he recommended many investments that were “qualitatively or quantitatively unsuitable or lacked a reasonable basis.”