Advisor Alert: Our Attorneys Are Investigating Ross Floyd Hoffman For Investment Fraud
Did You Lose Money Because of Ross Hoffman?
Filed: February 21, 2024
Ross Hoffman currently has one (1) pending customer complaint. Overall, he has been the subject of two (2) customer complaints and one (1) termination event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Ross Floyd Hoffman.
Who Is Ross Floyd Hoffman of Hoffman & Associates Financial & Estate Advisors, Inc. and Fortune Financial Services, Inc.?
- Advisor Name: Ross Floyd Hoffman
- Aliases: Ross Hoffman
- CRD: 803445
- Location: Ventura, California
- Current Employer: Hoffman & Associates Financial & Estate Advisors, Inc. and Fortune Financial Services, Inc.
- Previous Firms: Girard Securities, Inc. and M Holdings Securities, Inc.
- Number of Known Customer Complaints: 2
- Number of Known Termination Events: 1
- Can Ross Hoffman Be Sued: Yes, in Private Arbitration
- Can Ross Hoffman’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $637,000
- Highest Settlement: $61,491.09
If you have suffered investment losses by Ross Hoffman, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Ross Hoffman For Broker Misconduct
As of this publication date, Ross Hoffman has been the subject of 2 customer disputes and 1 termination event. Let’s review them below.
In June 2023, a complaint was filed against or in reference to Ross Hoffman by multiple customers of Fortune Financial Services, Inc. alleging that the 1035 exchange into a new Pacific Life Indexed Universal Life insurance policy was not suitable for the clients. They also allege that the premium financing recommended was not suitable and that the loan payments are excessive. Per the customers, they lost over $637,000 because of Mr. Hoffman’s actions. As of this publication date, this claim remains pending.
In May 2010, M Holdings Securities, Inc.terminated Ross Hoffman for engaging in an unapproved private securities transaction involving a variable universal life policy in violation of NASD Rule 3040 and the firm’s policies and procedures.
In September 2001, a complaint was filed against or in reference to Ross Hoffman by a customer of Royal Alliance Associates, Inc. alleging that the movement of assets to the third party money manager was authorized. However, the subsequent move to the market, instead of remaining in the money market, was unauthorized. Per the customer, he/she lost over $75,000 because of Mr. Hoffman’s actions. On March 14, 2002, Mr. Hoffman settled the claim for $61,491.09, and some or all of this amount may have been paid by Mr. Hoffman’s employer and/or insurance carrier.
How To File A Claim Against Ross Hoffman of Hoffman & Associates Financial & Estate Advisors, Inc. and Fortune Financial Services, Inc. (previously with Girard Securities, Inc. and M Holdings Securities, Inc.) To Get Your Money Back
If you have questions about Ross Hoffman, Hoffman & Associates Financial & Estate Advisors, Inc., Fortune Financial Services, Inc., Girard Securities, Inc., M Holdings Securities, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.