John James Hoidas of Chicago Illinois a stockbroker formerly registered with Uhlmann Price Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $499,000.00 in damages based on accusations that Hoidas provided unsuitable recommendations as it pertained to private placements while he was employed by Uhlmann Price Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01834 (July 20, 2021).
FINRA Public Disclosure shows that Hoidas has been identified in nine more customer initiated investment related disputes concerning allegations of his wrongdoing while employed by Uhlmann Price Securities and Kingsbury Capital LLC. On January 3, 2020, a customer initiated investment related FINRA securities arbitration claim involving Hoidas’ conduct was settled for $26,470.59 in damages supported by accusations that the customer experienced damages by investing in GPB Holdings II between December of 2016 and November of 2019. FINRA Arbitration No. 19-03408.
Hoidas is also the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $158,823.59 in damages founded upon allegations that he misrepresented a private placement when he was associated with Uhlmann Price Securities. FINRA Arbitration No. 19-02979 (January 7, 2020).
On October 6, 2020, another customer initiated investment related complaint concerning Hoidas’ activities was settled for $12,500.00 in damages based on accusations of unsuitability. According to the claim, investments were inappropriate given the customer’s aversion to risk and lack of financial sophistication.
Hoidas is also referenced in a customer initiated investment related FINRA securities arbitration claim that was resolved for $300,000.00 in damages supported by allegations that the customer received unsuitable recommendations at Uhlmann Price Securities about investing in alternative investments, including private placements. FINRA Arbitration No. 21-00760 (March 23, 2021).
On May 19, 2021, another customer filed an investment related complaint regarding Hoidas’ conduct. They requested $155,000.00 based on accusations of suffering damages on a private placement purchased through Hoidas at Kingsbury Capital and Uhlmann Price Securities. Hoidas is additionally the subject of a customer initiated investment related written complaint that was settled for $11,500.00 on June 24, 2021, founded upon allegations of Hoidas selling unsuitable investments. The complaint alleges that unsuitable transactions included Renovate America and GPB Capital Holdings LLC.
On July 7, 2021, a different customer filed an investment related complaint involving Hoidas’ activities where they sought $145,000.00 in damages based on accusations of unsuitable GPB sales by Hoidas. The complaint also alleges that the customer loaned Hoidas money, but Hoidas did not pay them back.
Hoidas was registered with Uhlmann Price Securities between September 10, 2013, and February 20, 2020. Between April 24, 2020, and May 13, 2021, Hoidas was employed by American Trust Investment Services Inc.
