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Chris Hobart: Investment Complaints Against Charlotte Advisor
Investor complaints against Hobart Wealth advisor Chris Hobart allege he violated securities industry rules. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the Charlotte, North Carolina-based investment advisor used to be registered as a broker with G.F. Investment Services.
Mr. Hobart’s BrokerCheck report discloses four pending investor complaints. The most recent, filed in February 2022, alleges that as a representative of G.F. Investment Services, he violated North Carolina law, breached his fiduciary duty, committed fraud, acted negligently, and made unsuitable recommendations of alternative investments and fixed annuities. The pending complaint alleges damages of at least $25,000.
An earlier investor complaint, filed in 2021, alleges that as a representative of G.F. Investment Services, Mr. Hobart was negligent, violated the law, recommended unsuitable investments, was negligent in his supervisory obligations, breached contract, breached his fiduciary duty, and breached securities industry rules and regulations. The pending complaint alleges damages between $50,000 and $75,000.
A third investor complaint alleges that he breached his contractual and fiduciary duties, violated industry rules, and was negligent in relation to investments in real estate securities and other products. The pending complaint alleges damages of $125,000.
A fourth complaint disclosed on Mr. Hobart’s BrokerCheck report alleges that as a representative of G.F. Investment Services, he violated FINRA rules in connection with allegedly unsuitable alternative investments. The pending complaint alleges unspecified damages believed to exceed $5,000.
According to the Financial Industry Regulatory Authority, Chris Hobart holds 20 years of securities industry experience. Based in Charlotte, North Carolina, he has been a representative of Hobart Wealth since 2013. While he is not presently registered as a broker, his past broker registrations include G.F. Investment Services (Charlotte, North Carolina; 2015-2019), Kalos Capital (Charlotte, North Carolina; 2007-2012), Quest Capital Strategies (Laguna Hills, California; 2004-2007), and Edward Jones (St. Louis, Missouri; 2002-2004). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed as an investment advisor in North Carolina. (Information current as of May 23, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.