Clay Emerson Hoffman—Alleged Unsuitable Transactions, Unauthorized Transactions, Excessive trading, and Fraud

Ponzi scheme recovery attorneysClay Emerson Hoffman Allegedly Took Part in Unsuitable Transactions, Unauthorized Transactions, Excessive trading, and Fraud

Clay Emerson Hoffman allegedly engaged in, among other things, unsuitable transactions, unauthorized transactions, excessive trading, and fraud, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Clay Emerson Hoffman’s alleged unsuitable transactions, unauthorized transactions, and excessive trading.

Investors who believe they may have lost money in activity related to Clay Hoffman’s alleged unsuitable transactions, unauthorized transactions, and excessive trading are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Clay Emerson Hoffman entered the securities industry in 2001 and, over the next 15 years, was registered with five FINRA-member firms, and on May 10, 2016, FINRA revoked his registration for allegedly failing to pay fines and/or costs in another FINRA proceeding, the Complaint reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating Clay Emerson Hoffman’s alleged unsuitable transactions, unauthorized transactions, and excessive trading

Clay Emerson Hoffman Barred in all Capacities from Association with any FINRA Member Firm

Clay Emerson Hoffman was the subject of a Complaint which FINRA Enforcement filed on November 1, 2016, which was within two years after the effective date of his termination of his FINRA registration, according to the aforementioned Complaint currently under review by attorneys Alan Rosca and James Booker.

Said Complaint charges Hoffman with allegedly failing to respond to requests for information during the aforementioned two-year period after the termination of his registration, the Complaint notes.

Clay Emerson Hoffman violated FINRA Rules by allegedly failing to provide information requested by FINRA, the Complaint reports, and therefore Clay Emerson Hoffman is barred in all capacities from association with any FINRA member firm.

What is more, FINRA’s Sanction Guidelines also allegedly recommended a fine of $25,000 to $73,000, according to the Complaint.

Hoffman has had seven customer complaints against him, several disputes, and was allegedly terminated by Suntrust Investment Services after the firm conducted a review of his client account transactions, according to his FINRA BrokerCheck Report.

Hoffman is not currently associated with a FINRA member, the Complaint states.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Clay Emerson Hoffman’s alleged unsuitable transactions, unauthorized transactions, and excessive trading. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Clay Hoffman’s alleged unsuitable transactions, unauthorized transactions, and excessive trading Fernando de la Lama Merino’s alleged sale of illiquid structured notes and bonds may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1148 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.