Former Broker / Advisor William David Hobby (CRD# 2240076) has been implicated in over 20 customer disputes, according to FINRA’s online BrokerCheck database. Claims in the complaints range from unsuitable investments to improper handling of client accounts.
Hobby, who is not currently registered with any securities firm, was most recently registered with UBS Financial Services in Atlanta, Georgia from 2012 to 2018. He was previously registered with Morgan Stanley from 2008 to 2012.
FINRA’s BrokerCheck report notes Hobby has been the subject of 24 customer disputes during the course of his career, an extraordinarily large number of complaints. The number of disclosures in Hobby’s history puts him in the bottom 1% of all financial advisors in the country.
In September 2018, Hobby was terminated by UBS Financial Services following an internal review in which the firm determined he made unauthorized trades in a client account, failed to escalate the client’s complaint, and assisted the client in seeking a settlement against the firm’s interests.
Investors who suffer losses due to unsuitable recommendations, unauthorized trading, improper handling of client funds, and other forms of investment misconduct may have the right to hold bad brokers and the firms that failed to supervise their conduct liable for financial losses. Our team at Meyer Wilson is available to help you learn more.
Meyer Wilson is a nationwide firm with a record of success helping wronged consumers recover their lost investments. Call (800) 738-1960 or contact us online to speak with an attorney.