Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ross Hoffman (Hoffman), currently associated with Fortune Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hoffman recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $637,000.00 on June 26, 2023.
Clients allege that the 1035 exchange into a new Pacific Life Indexed Universal Life insurance policy was not suitable for them. Also allege that the premium financing recommded was not suitable and that the loan payments are excessive.