Last Updated: January 2024 (Aberdeen, South Dakota)
Lloyd Hodgin Investigation Summary
Here’s what you need to know about Aberdeen, South Dakota, stockbroker Lloyd Hodgin:
- Name: Lloyd Douglas Hodgin
- Current Employer: Saxony Securities, Wealth Plus of the Dakotas (RIA)
- DBA: Dakota Financial Services, Premier Tax and Bookkeeping, Insurance Professionals
- Previous Firms: Capital Financial Services (ceased business 7/21/2020) , United Securities Alliance
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Lloyd Hodgin
- Primary Location: Aberdeen, South Dakota
- CRD 2954267
- Can Lloyd Hodgin be sued in FINRA arbitration: Yes
- Sanctioned by South Dakota Regulators: Yes
- Highest Settlement or Award: $200,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Lloyd Hodgin As Your Stockbroker?
Lloyd Hodgin discloses that in 2022 Wealth Plus of the Dakotas paid a penalty of $12,500 to South Dakota Division of Insurance in settlement of deficiencies discovered during a compliance audit.
Hodgin discloses that a former customer was awarded $30,000 in a Delaware Federal Court action in 2015.
Hodgin discloses a $200,000 settlement in 2016 to resolve a claim related to DBSI.
See this for more information on REITs and Other Alternative Investments
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Allegations of Broker Misconduct Against Lloyd Hodgin
Customers of Lloyd Hodgin have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Misrepresentation related to sale of a direct investment/ LP Interest
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Saxony Securities Brokers
If you have suffered investment losses in an account handled by Lloyd Hodgin, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
