Rush Hodgin: $350K Complaint Against Hodgin Chapman Advisor

Pittsburgh financial advisor Rush Hodgin (CRD# 2169424) recently received an investor complaint alleging his conduct resulted in more than $350,000 in damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Ameriprise Financial Services, where he is a member of the practice Hodgin, Chapman & Associates.

Mr. Hodgin’s BrokerCheck report discloses one investor complaint. Filed in May 2023, it alleges that as a representative of Ameriprise Financial Services, he breached his fiduciary duty and was negligent, leading to “the lapse of the trust’s second-to-die life insurance policy.” The pending complaint alleges damages of $350,794.

For reference, the term fiduciary standard denotes a financial advisor’s responsibility to place their clients’ interests above their own, fully disclose any conflicts of interest, and act in good faith and with loyalty to the customer. Advisors who fail to uphold their fiduciary duty to their clients may be liable for damages.

According to the Financial Industry Regulatory Authority, Rush Hodgin holds 31 years of securities industry experience. Based in Pittsburgh, Pennsylvania, he has been a broker and an investment advisor with Ameriprise Financial Services since 1991 and 2003, respectively. His registration history includes IDS Life Insurance Company (Minneapolis, Minnesota; 1991-2006) and American Express Service Corporation (Minneapolis, Minnesota; 1992-1994). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He currently holds 42 state licenses, including in Alabama, California, Delaware, Iowa, Kansas, New York, Pennsylvania, Texas, Vermont, and Wisconsin. (Information current as of June 24, 2023.)

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