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Alec Hoke: Complaint of Churning and Unauthorized Trading

Alec HokeAccording to public records provided by the Financial Industry Regulatory Authority (FINRA) on February 16, 2016, New York-based First Allied Securities broker/adviser Alec Hoke is the subject of several pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Hoke (CRD# 1921673).

Alec Hoke has spent 19 years in the securities industry and has been registered with First Allied Securities in Cazenovia, New York since 2012. Previous registrations include 1st Discount Brokerage in Cazenovia, New York; Saxony Securities in North Bay Village, Florida; Summit Brokerage Services in Boca Raton, Florida; Wachovia Securities Financial Network in St. Louis, Missouri; JW Genesis Securities in Boca Raton, Florida; D. Blech & Company in New York, New York; Josephthal Lyon & Ross in New York, New York; and Thomas James Associates in Rochester, New York. One of Mr. Hoke’s previous employers, Thomas James Associates, has since been expelled by the Financial Industry Regulatory Authority (FINRA). He is a registered broker and investment adviser with thirteen US states: Arizona, California, Florida, Illinois, Maryland, Minnesota, Missouri, New York, New Jersey, Pennsylvania, Virginia, Washington, and Wisconsin.

According to his BrokerCheck report, Alec Hoke is the subject of two pending customer complaints and one denied customer complaint.

In June 2015 a customer alleged Alec Hoke, while employed at 1st Discount Brokerage, acted negligently, made unsuitable recommendations, breached his fiduciary duty, churned the account, and executed unauthorized transactions. The customer is seeking unspecified damages in the pending complaint.

In 2012 a customer alleged Alec Hoke, while employed at 1st Discount Brokerage, made unsuitable investment recommendations. The customer is seeking over $121,000 in damages in the pending complaint.

In 2003 a customer alleged Alec Hoke, while employed at Wachovia Securities, “purchased improper securities and failed to provide adequate and proper risk disclosure while servicing account from its inception in April 2009.” The customer sought $400,000 in damages in the complaint, which was denied.

If you or someone you know has complaints regarding Alec Hoke, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.