Securities Arbitration Lawyers BlogGeorgia Broker Clay Hoffman’s Registration Has Been Revoked – Investigation Update
Hoffman, a former broker with SunTrust Investment Services in Waycross, Georgia had his FINRA registration revoked after being suspended
In June of 2016, Clay Hoffman was suspended by the Financial Industry Regulatory Authority (FINRA) for failing to provide information to the agency related to a number of allegations. In addition to unsuitable investment recommendations, Hoffman was accused of unauthorized trades and misrepresenting material facts.
Hoffman began work as a broker in 2001 with Edward Jones in St. Louis, and it didn’t take long before he ran into client issues. The first customer dispute came in 2006, and over the next nine years there were 13 more.