Anthony “Tony” Frederick Hobson (CRD #: 4212302), a broker with Money Concepts Capital Corp. of Griffith, Indiana, is currently involved in a customer dispute regarding alternative investments, according to his BrokerCheck report accessed on July 31, 2019.
In the complaint dated June 11, 2019, according to Anthony Frederick Hobson’s BrokerCheck report, “Customer alleges between April 2008 and November 2010, Registered Representative over-concentrated accounts in high-risk and speculative alternative investments.” The client is seeking $218,500 in damages and the dispute is pending.
Anthony “Tony” Frederick Hobson settled a dispute after a client filed a claim on January 23, 2015, alleging that he “misrepresented the investment in Cornerstone Core Properties Inc. REIT in April of 2008.” Real Estate Investment Trusts (REITs) are illiquid and not suitable for all investors.
In a customer dispute filed on May 23, 2011, clients alleged that the product sold to them was “unsuitable and misrepresented to them.” The claimants sought $109,000 in damages, and Anthony Frederick Hobson settled for $100,000. Alternative investments, also known as private placements, should only be recommended to “accredited investors” with a high degree of financial literacy and at least an annual income of $200,000. These investment products are governed by Reg. D.
He has 18 years of experience in the securities industry, and his experience spans five firms. In addition to Money Concepts Capital Corp., he has also worked at the following firms:
- Investors Capital Corp. (CRD#: 30613)
- Next Financial Group, Inc. (CRD#: 46214)
- Primevest Financial Services, Inc. (CRD#: 15340)
- National Planning Corporation (CRD#: 29604)
If Anthony “Tony” Frederick Hobson is your broker or if you have questions about Real Estate Investment Trusts or alternative investment products, don’t hesitate to contact the experienced securities attorneys at Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for your free consultation.