On October 7, 2021, ERIC SHEA HOLLIFIELD (ERIC S HOLLIFIELD) was barred by the Financial Industry Regulatory Authority (FINRA). Hollifield was previously registered both as a broker and as an investment advisor. He was formerly registered as a broker with LPL FINANCIAL LLC OF Dacula, Georgia from 10/14/2016 - 09/10/2021.
According to the FINRA report, without admitting or denying FINRA’s findings, ERIC S HOLLIFIELD consented to the sanction and to the entry of findings that he allegedly refused to appear for on-the-record testimony or to produce the documents and information requested by FINRA in connection with its investigation into allegations of Hollifield's potential conversion of funds from an elderly customer.
According to a recent article in Financial Advisor IQ, the same month that ERIC S HOLLIFIELD joined LPL Financial, Hollifield founded Hamilton Investment Counsel, a registered investment advisory firm. The article states that while Hamilton Investment was separate from LPL, Hamilton cleared through LPL, according to Hollifield's LinkedIn profile and the company’s website.
According to FINRA’s BrokerCheck, ERIC S HOLLIFIELD has been in the securities industry for 23 years, was listed with 4 firms, and has 4 disclosures on his FINRA CRD report.
Two of the disclosures on BrokerCheck are, “Employment Separation after Allegations.” Hollifield was discharged on August 12, 2021 from LPL FINANCIAL LLC, and was also discharged from HAMILTON INVESTMENT COUNSEL, LLC on September 1, 2021, following allegations from both of, “Failed to disclose outside business activity to Firm.”
On August 25, 2021, a “Customer Dispute” was filed alleging, “The customer alleges that registered representative misappropriated funds from her account. Activity period: August 2020 to present.” The damages requested are $1,240,000.00. This dispute is pending.
It is noted that none of these allegations have yet to be proven true.
If you or an elderly family member have experienced investment losses due to the alleged actions or recommendations of the former LPL FINANCIAL LLC and HAMILTON INVESTMENT COUNSEL broker, ERIC S HOLLIFIELD, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.
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