Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

William Hobby: Complaints Against Atlanta Financial Advisor

Settled and pending investor complaints against former Atlanta, Georgia broker and investment advisor William Hobby (CRD#: 2240076) allege conduct including improper account management, unsuitable investment recommendations, and more. Hobby is a former representative of UBS Financial Services, according to information drawn from Financial Industry Regulatory Authority records.

A pending 2019 complaint alleges that as a representative of UBS Financial Services, William Hobby misrepresented material facts, recommended unsuitable investments, changed the customer’s risk tolerance without permission, and exercised unauthorized discretion in the customer’s account. The complaint alleges damages of $788,512.

A 2018 complaint alleged that as a representative of UBS Financial Services, William Hobby recommended unsuitable investments. The complaint reached a settlement of $24,000.

A 2018 complaint alleged that as a representative of UBS Financial Services, he recommended unsuitable investments and changed her risk profile without her permission. The complaint reached a settlement of $80,000.

A 2018 complaint alleged that as a representative of UBS Financial Services, he recommended unsuitable and risky investments, over-concentrated the account, engaged in excessive trading, and exercised unauthorized discretion. The complaint reached a settlement of $350,000.

A 2002 complaint alleged that as a representative of Salomon Smith Barney, he improperly handled the account. The complaint reached a settlement in 2005 of $120,000.

A 2002 complaint alleged that as a representative of Salomon Smith Barney, he improperly handled the account between 1998 and 2001. The complaint reached a settlement of $155,000.

William Hobby is currently not registered as a broker or investment advisor. His employment history includes UBS Financial Services in Atlanta, Georgia; Morgan Stanley Smith Barney in Alpharetta, Georgia; Morgan Stanley & Company in Alpharetta, Georgia; Citigroup Global Markets in Alpharetta, Georgia; and Chatfield Dean & Company in Greenwood Village, Colorado. He currently holds zero state licenses and has passed four securities industry qualification examinations.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Metric Rep Brett Ellen Has 6-Figure Investment Complaints

    Las Vegas stockbroker Bret Ellen (CRD# 1460478) allegedly recommended unsuitable investments that caused six-figure losses, per investor complaints reported to...

    Read More
  • Danny Young: 6-Figure Complaint Against Lake City, Adel Rep

    Cetera Advisor Networks representative Danny Young (CRD# 4115155) allegedly recommended risky investments that led to substantial losses, according to a...

    Read More
  • Gerald Brodsky: Barred NYC Rep Has $800k Concord Group Complaint

    Ex-Dinosaur Financial Group representative Gerald Brodsky (CRD# 1172647) was barred by the Financial Industry Regulatory Authority (FINRA) from acting as...

    Read More
  • 7-Figure Complaints Against Long Island Rep Joseph Valdini

    Ex-Aegis Capital stockbroker Joseph Valdini (CRD# 5517610) allegedly caused investors more than $2 million in losses, according to customer complaints...

    Read More
  • Previous
  • Next