Peter Holler, formerly with Securities Service Network, Suspended Two Years from Securities Industry for Selling Woodbridge Investments
Have you lost money with financial advisor Peter Holler of Bristol, Tennessee? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Peter D. Holler. FINRA suspended Holler from the securities industry for two years, fined him $10,000, and ordered him to disgorge $49,790 in commissions for selling Woodbridge Investments. FINRA was investigating Holler regarding allegations that he engaged in private securities without disclosing such to his former brokerage firm, Securities Service Network.
In particular, Peter Holler sold investments in Woodbridge Mortgage Investment Funds, a purported real estate fund. Holler sold $1.39 million worth of Woodbridge promissory notes. Since Woodbridge filed for bankruptcy last year, it is believed that the Woodbridge Investments have lost substantial value.
Peter Holler was a financial advisor and registered representative of Securities Service Network from November 2001 to August 2017. He worked at a branch office in Bristol, Tennessee. Holler also was affiliated with SSN Advisory and SBS Services.
Brokerage firms like Securities Service Network have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Tennessee. Our attorneys have represented over one thousand investors against many brokerage firms in the past, and we currently represent another investor who lost money in Woodbridge.
Click to view: Holler, Peter FINRA AWC
Click to view: Holler, Peter BrokerCheck 5.22.18
If you lost money with Peter Holler, Woodbridge investments, or Securities Service Network, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.