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Broker Spotlight: Fletcher Bookout

 Fletcher BookoutPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 2, 2016 indicate that Texas-based First Financial Equity broker/adviser Fletcher Bookout has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Bookout (CRD# 2219065).

Fletcher Bookout has spent 22 years in the securities industry and has been registered with First Financial Equity Corporation in Dallas, Texas since March 2015. Previous registrations include Morgan Stanley in Dallas, Texas; Wells Fargo Advisors in Dallas, Texas; Lehman Brothers in New York, New York; Morgan Stanley DW in Purchase, New York; Bear Stearns & Company in New York, New York; Prudential Securities in New York, New York; and HYM Financial in Clifton, New Jersey. He is a registered broker and investment adviser with three US states: New Mexico, Oklahoma and Texas.

According to his BrokerCheck report, Fletcher Bookout has received three customer complaints.

In 2008, a customer alleged Fletcher Bookout, while employed at Wachovia Securities, made an unintentional error that resulted in options positions not being sold. The complaint settled for $95,157, to which Mr. Bookout individually contributed $95,157.

In 2007, a customer alleged Fletcher Bookout, while employed at Wachovia Securities, executed unauthorized sales, made unsuitable recommendations, and excessively traded on margin. The complaint settled in 2009 for $310,000.

In 1994, a customer alleged Fletcher Bookout misrepresented and recommended unsuitable investments, causing a loss. The complaint settled in 1995 for $34,000.

If you or someone you know has lost money investing with Fletcher Bookout, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts every case on contingency: we only receive payment if and when you collect money. Time to file your claim might be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.