According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Phillip Hinze was accused of placing four orders over a one week period to buy securities for a customer without her authorization. This is against securities laws. Hinze allegedly entered an order for his customer to buy 100 shares of an exchange-traded fund and then entered orders for the same customer to buy 260 shares of two other exchange-traded funds. The customer did not authorize this purchase. For this, Hinze was suspended for one month from the industry and fined $5,000.
Hinze was registered with RBC Capital Markets in Shoreview, Minnesota from March 2002 until April 2014 and The Oak Ridge Financial Services Group in Golden Valley, Minnesota from March 2014 until October 2016. He is not currently registered within the industry, according to his online, FINRA BrokerCheck report. If you suffered losses with Mr. Hinze, you may be able to recover them by calling our securities law firm at 312-332-4200 to speak to an attorney. We take cases on a contingency fee basis to help investors recover their losses. We bring claims against firms such as Oak Ridge in the FINRA arbitration forum. Please do not delay in calling as there is a statute of limitations on most of these cases.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.