This information appeared on FINRA’s website under “Disciplinary and Other Actions, August, 2013.”
Giles Anthony Hoagland (CRD #4160185, Registered Representative, Peru, Indiana)
was barred from association with any FINRA member in any capacity. This sanction was based on findings that Hoagland began using his client’s monthly insurance premiums to pay his own personal expenses. Giles Hoagland paid these premiums with his mortgage commissions until he was not able to do so. The customer’s insurance was then cancelled for non-payment of $5,148.52 in premiums. Even after the policy cancellation, Hoagland continued to charge and collect premiums from his client, ultimately receiving $12,575.02. Restitution was not ordered because Hoagland has since repaid the customer.
FINRA's findings stated that Hoagland failed to respond to FINRA requests to appear for testimony. The findings also stated that Hoagland failed to timely amend his Form U4 to disclose the filing of a bankruptcy petition.
(FINRA Case #2011027456401)
Giles Anthony Hoagland was previously registered with FINRA at the following brokerage firms according to FINRA's BrokerCheck:
CFD INVESTMENTS, INC.
CRD# 25427
PERU, IN
03/2004 - 04/2011
WORLD GROUP SECURITIES, INC.
CRD# 114473
DULUTH, GA
04/2002 - 01/2004
WMA SECURITIES, INC.
CRD# 32625
DULUTH, GA
06/2000 - 04/2002
This ends the information from FINRA's website.
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