John Hoekman Investigation
Concerned about investment losses with John Hoekman?
According to FINRA, John Hoekman (CRD #2455445, Old Greenwich, Connecticut) submitted an AWC in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Hoekman consented to the sanction and to the entry of findings that he failed to provide FINRA with documents and information during the course of an examination into allegations that without his member firm’s knowledge or consent, he allegedly engaged in certain outside business activities and participated in private securities transactions.
For FINRA’s full findings see FINRA Case #2015045695501.
According to FINRA BrokerCheck, Hoekman was registered with Wells Fargo Advisors in New York, NY from October 2012 until September 2015 when he voluntarily resigned due to “ALLEGATIONS CONTAINED IN A CUSTOMER-INITIATED LITIGATION.” Prior to that, Hoekman worked for Stephens, Inc. in New York, New York. In addition, John Hoekman has six customer complaints listed on his Broker Report since 2004. Allegations include unsuitability and misrepresentation.
Financial advisors have two main obligations to their clients. The first is a duty to perform due diligence on any investment they recommend. The second is to ensure that any investment recommendation made is appropriate for the client in light of that client’s age, investment experience, investment objectives, and net worth.
If a broker or brokerage firm makes a recommendation that is unsuitable or without performing adequate due diligence they may be responsible for any losses in a FINRA arbitration claim.
If you suffered losses investing with John Hoekman, the attorneys at The White Law Group may be able to help. For a free consultation, please call (888)637-5510.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm and it’s representation of investors, visit www.whitesecuritieslaw.com.