Jeffrey Hill of Dougherty & Co. Suspended By State of Minnesota

Stoltmann Law Offices continues to investigate Jeffrey Hill and his former firm, Dougherty & Company LLC. The Financial Industry Regulatory Authority (FINRA) alleged that Mr. Hill made hundreds of trades for a couple without their permission to make the trades. The couple was elderly. Many of the trades were allegedly unsuitable, including short-term trading of bonds. FINRA also brought a claim against Dougherty & Company for failing to adequately supervise Mr. Hill. The company agreed to pay a $140,000 fine and $78,910 in restitution to the couple. Hill was suspended from the industry for 15 months and fined $5,000. The Minnesota Commission of Commerce also brought a complaint against him regarding the same conduct. He was suspended for one year by the state. Brokerage firms like Dougherty & Company have a responsibility to adequately supervise all representatives who are registered through their firm. They also must take steps to ensure that their financial advisors follow all securities rules and regulations and internal firm policies. If the broker does not, the firm may be liable for investment losses. Please call our securities law firm today if you suffered losses with Mr. Hill. We may be able to help you bring a claim against Dougherty & Company in the FINRA arbitration forum on a contingency fee basis. 312-332-4200.