Last Updated: October 2023 (Aberdeen, South Dakota)
Lloyd Hodgin Investigation Summary
Here’s what you need to know about Aberdeen, South Dakota, stockbroker Lloyd Hodgin:
- Name: Mr. Lloyd D. Hodgin
- Current Employer: Saxony Securities, Wealth Plus of the Dakotas (RIA), dba Dakota Financial Services
- Previous Firms: Capital Financial Services
- 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 Securities Regulator: Yes
- Highest Settlement : $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?
In 10/2015 a customer of Capital Financial Services was paid $200,000 to resolve allegations that Lloyd Hodgin sold them an unsuitable investment in DBSI real estate security.
In 3/2022 Wealth Plus of the Dakotas, a firm owned and operated by Lloyd Hodgin was fined $12,500 in settlement of deficiencies discovered during a compliance audit.
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 to invest in direct investments and limited partnerships
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
If you have suffered investment losses in an account handled by Lloyd Hodgin, contact us for a complimentary consultation with an experience 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.
