Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating claims that advisor Arthur Hoffman (Hoffman) has been accused by a financial regulator of engaging in the fraudulent sale of securities among other allegations. According to records kept by The Financial Industry Regulatory Authority (FINRA) Hoffman was employed by his prior employer Ameriprise Financial Services (Ameriprise) prior to being investigated concerning his activities. If you have been a victim of Hoffman’s alleged misconduct our firm may be able to assist you in recovering funds.
In June 2020, a customer filed a complaint alleging that Hoffman recommended the claimants invest $172,688.03 in Zima Global Ventures, LLC a/k/a Zima Digital Assets, an alleged fraudulent Ponzi scheme. The claim is currently pending.
In May 2020, Hoffman was barred by FINRA which found that he consented to sanctions and the findings that he failed to provide documents and information requested by FINRA. The findings stated that FINRA opened an investigation in response to a disclosure filed by Hoffman’s member firm, which stated that Hoffman had been suspended related to outside business activities and private securities transactions.
In May 2020 Hoffman was terminated by Ameriprise after the firm claimed that he terminated for company policy violations related to outside business activities and private securities transactions.