John Hoagland accepted sanctions by FINRA after facing customer complaints alleging unauthorized activity.
The Sonn Law Group is investigating allegations that John Hoagland committed misconduct. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
John Hoagland (CRD#: 247075) consented to the sanctions and the entry of findings that he executed unauthorized trades totaling $99,171 in the account of an elderly customer.
The findings stated that Hoagland also executed an unauthorized trade for $34,451 in the account of another customer and that Hoagland exercised discretion without written authorization by affecting 96 trades in the accounts of five other customers.
FINRA imposed sanctions in the form of a three-month suspension from associating with any FINRA member firm and a $5,000 fine. In addition to the regulatory judgment, Hoagland has three disclosures on his BrokerCheck report.
- July 2018—The client verbally alleged that an investment purchased in her account was unauthorized. The matter was settled for $27,543.56.
- February 2018—Client alleged unauthorized trading with respect to investments in the account. The matter was settled for $17,044.19.
- March 2018—The client alleged that he was given erroneous information by Hoagland’s firm, Citigroup Global Markets. The matter was settled for $183,602.
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The Sonn Law Group is currently investigating allegations of misconduct. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.