Peter Holler Allegedly Gave Bad Advice

Securities Service Network Clients Suggest Peter Holler Sold Bad Woodbridge Notes

Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations of sales practice violations by securities broker Peter Holler [CRD# 838897, Bristol, Tennessee]. Evidently, from 2001 and 2017, he worked for Securities Service Network between, who disaffiliated with him for concealing information about alleged outside business activities and private securities transactions. Notably, at least 5 clients disputed the sales practices of the securities broker, and FINRA suspended him for selling away. Altogether, these disclosures suggest that Holler made unauthorized and unsuitable recommendations. Read on to learn more about the allegations against Holler.

Securities Service Network Investors Indicate Peter Holler Sold Phony Promissory Notes

Apparently, on October 17, 2018, a Securities Service Network client filed an investment related complaint about Peter Holler. The client indicated that the securities broker sold the client phony Woodbridge Mortgage Fund promissory notes. Supposedly, Holler made unauthorized and unsuitable recommendations to the client given the client’s investment profile. Therefore, on July 11, 2019, Securities Service Network resolved this matter by paying the client $25,000.

Holler Allegedly Sells Unregistered Investments To Securities Service Network Client

Evidently, a client of Securities Service Network contested Peter Holler’s securities recommendations or sales through bringing FINRA Arbitration #: 18-01304 on May 8, 2018. Allegedly, Holler sold fictitious or unregistered Woodbridge investments to this client too. It appears that the securities broker possibly caused the client’s losses on these unregistered, nonexempt securities. As a result, Securities Service Network agreed to settle the issue on June 5, 2019 through paying the client a total of $198,990.45.

Securities Service Network Client Suggests Peter Holler Sold Bad Investments

Apparently, on August 20, 2018, a Securities Service Network client filed FINRA Arbitration #: 18-02405 about Peter Holler. Apparently, the client alleged that Holler sold the customer Woodbridge Mortgage Investment Funds 3 and 4. Because of these being phony or fake, the client experienced losses. Therefore, on June 5, 2019, Securities Service Network settled this matter by paying the client $50,319.30.

FINRA Issues Fine, Suspension To Peter Holler

Apparently, on May 21, 2018, FINRA issued Acceptance, Waiver and Consent (AWC) #: 2017055239801 sanctioning Peter Holler for infractions. In particular, FINRA issued him a two year suspension and $10,000 fine alleging he violated Rule 3280 through his sales of $1,390,000.00 in Woodbridge notes to 19 clients without disclosing it to the securities firm and receiving permission. It seems that clients of Securities Service Network experienced losses on promissory notes because of Holler.

Losses From Securities Service Network Securities Broker Peter Holler?

Have you experienced losses by investing with Peter Holler? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of securities brokers like Holler and brokerage firms.