William Ray Wobbe of Louisville Kentucky a stockbroker currently employed by J.J.B. Hilliard W.L. Lyons LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $87,628.56 in damages based upon accusations that (1) unauthorized trades were executed in the customer’s account (2) transactions effected in the customer’s account were in no way suitable for the customer (3) the customer’s account had been handled in a negligent fashion (4) the customer’s account lacked supervision from J.J.B. Hilliard W.L. Lyons and (5) equity transactions effected in the customer’s account ran afoul of Kentucky Revised Statutes Section 292.480. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02972 (Sept. 10, 2018).
FINRA Public Disclosure additionally reveals that a customer initiated investment related arbitration claim regarding Wobbe’s conduct was resolved for $330,713.07 in damages founded on allegations that between 2014 and 2016, while Wobbe was associated with J.J.B. Hilliard W.L. Lyons LLC, oil and gas trades had been executed in the customer’s investment account that were neither suitable nor authorized by the customer. FINRA Arbitration No. 18-00643 (Mar. 2, 2018).
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