Published On: June 26, 2015

Lucian D. Hodgman recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). According to the AWC, Hodgman admitted he omitted material and made false statements in connection with his application to the Maine Office of Securities. For this, he was fined $1,750 and was denied a securities license in the state of Maine. Between May and July 2013, Hodgman caused 40,000 copies of an advertisement to be sent in the mail through a third-party marketing company, without the knowledge or approval of Moors & Cabot. They contained information regarding investing in fixed annuities. This is against FINRA rules. When approached by Moors & Cabot regarding the mailings, Hodgman denied knowledge of them. He also allegedly impersonated the general manager of the marketing company. For this, he was fined $5,000 and suspended from the industry for 18 months.

Hodgman was registered with Painewebber Inc., Moors & Cabot, Investors Capital Corp, White, Weld & Co. Securities and Newport Coast Securities in Boston. He is not currently registered with any member firm. He has four customer disputes against him. If you would like to find out how to sue Moors & Cabot for failing to properly supervise Lucian D. Hodgman, please call our law firm based in Chicago at 312-332-4200. We may be able to help you bring claims against them. The call is free.

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