Advisor Alert: Our Attorneys Are Investigating William James Hoffman For Investment Fraud
Did You Lose Money Because of Bill Hoffman?
Filed: October 26, 2023
Bill Hoffman (also known as William James Hoffman) has been the subject of one (1) termination event and seven (7) customer complaints. 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 William James Hoffman.
Who Is William James Hoffman?
- Advisor Name: William James Hoffman
- Aliases: Bill Hoffman
- CRD: 1542724
- Location: Eugene, Oregon
- Current Employer: Currently Not Registered
- Previous Firms: Royal Alliance Associates, Inc. and Great American Advisors, Inc.
- Number of Known Customer Complaints: 7
- Number of Known Termination Events: 1
- Can Bill Hoffman Be Sued: Yes, in Private Arbitration
- Can Bill Hoffman’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $117,100
- Highest Settlement: $32,500
If you have suffered investment losses by Bill 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 Bill Hoffman For Broker Misconduct
As of this publication date, Bill Hoffman has been the subject of 1 termination event and 7 customer disputes. Let’s review them below.
In May 2022, a complaint was filed against or in reference to Bill Hoffman by a customer of Royal Alliance Associates, Inc. alleging that features of variable annuity purchased in 2016 were misrepresented. Per the customer, she lost over $5,000 because of Mr. Hoffman’s actions.
In February 2021, a complaint was filed against or in reference to Bill Hoffman by a customer of Royal Alliance Associates, Inc. alleging that Mr. Hoffman forged the client’s initials on documentation. Per the customer, he lost over $5,000 because of Mr. Hoffman’s actions.
In October 2020, a complaint was filed against or in reference to Bill Hoffman by a customer of Royal Alliance Associates, Inc. alleging misrepresentation in the purchase of a Variable Annuity. Per the customer, he/she lost over $5,000 because of Mr. Hoffman’s actions.
In October 2020, a complaint was filed against or in reference to Bill Hoffman by a customer of Royal Alliance Associates, Inc. alleging misrepresentation in the sale of variable and fixed index annuities. Customer also alleges that the representative forged his initials on a document. Per the customer, he lost over $5,000 because of Mr. Hoffman’s actions.
In August 2020, Royal Alliance Associates, Inc. terminated Bill Hoffman for following a review of certain fixed annuity applications for apparent irregularities in client initials on the forms. Mr. Hoffman admitted placing client initials on certain sections of the applications. He stated this was done with the client’s knowledge and permission, and provided the firm with emails from the clients to that effect.
In November 2016, a FINRA arbitration was filed against or in reference to Bill Hoffman by a customer of Royal Alliance Associates, Inc. alleging that Mr. Hoffman negligently advised the client that she could withdraw funds from her IRA without tax implications. Per the customer, she lost over $117,100 because of Mr. Hoffman’s actions. On August 17, 2017, Mr. Hoffman settled the claim for $32,500, and some or all of this amount may have been paid by Mr. Hoffman’s employer and/or insurance carrier.
In December 2011, a complaint was filed against or in reference to Bill Hoffman by a customer of Royal Alliance Associates, Inc. alleging that the client’s investment in an annuity involved more risk than he wanted at the time of investment and asked for restitution for a short term loss. Per the customer, he lost over $24,000 because of Mr. Hoffman’s actions.
In September 2006, a complaint was filed against or in reference to Bill Hoffman by a customer of Royal Alliance alleging that Mr. Hoffman omitted material facts regarding annuity transfer and lost earnings due to transfer. Per the customer, he lost over $6,700 because of Mr. Hoffman’s actions.
How To File A Claim Against Bill Hoffman (previously with Royal Alliance Associates, Inc. and Great American Advisors, Inc.) To Get Your Money Back.
If you have questions about Bill Hoffman, Royal Alliance Associates, Inc., Great American Advisors, 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.