Financial Advisor Peter Holler Terminated and Suspended for Selling Clients Woodbridge Ponzi Scheme
Former Securities Service Network broker Peter Holler was recently discharged from the firm for allegedly selling Woodbridge Mortgage Investment Fund to firm customers. FINRA also brought a regulatory action against him, suspending him for two years and fining him $10,000.
According to FINRA, Holler sold $1.39 million of Woodbridge promissory notes to 19 different investors, 9 of whom were customers of Securities Service Network. He made the sales without getting approval from his firm and earned almost $50,000 in commissions from the sales.
At least two customers have come forward and filed cases in FINRA arbitration relating to these Woodbridge sales. Both disputes are pending.
On December 20, 2017, the Securities & Exchange Commission filed a Complaint against Woodbridge and its founder, alleging that Woodbridge was a massive Ponzi scheme. Meyer Wilson is currently representing investor victims of the Woodbridge Ponzi scheme, and you can read more about Woodbridge here.
Did You Invest in Woodbridge at the Recommendation of Peter Holler?
If you invested in Woodbridge Mortgage Investment Fund at the recommendation of Peter Holler, the investment fraud attorneys at Meyer Wilson are interested in speaking with you about your legal options. Give our team of investment fraud attorney's a call at (888) 390-6491 today for a case evaluation.