The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding South Dakota-based Raymond James broker/adviser Kelly Hosek (CRD# 3268033).
Kelly Hosek has spent fifteen years in the securities industry and has been registered with Raymond James Financial Services in Sioux Falls, South Dakota since 2009. Previous registrations include Raymond James Financial Services in Yankton, South Dakota (2009); Wachovia Securities in Sioux Falls, South Dakota (2008-2009); AG Edwards & Sons in Sioux Falls, South Dakota (2003-2008); and Edward Jones in St. Louis, Missouri (2000-2003). He is a registered broker and investment adviser in twelve US states and territories.
According to her BrokerCheck report, Kelly Hosek is the subject of one regulatory sanction, one customer complaint, and five customer complaints that were closed or denied.
In 2009 a customer alleged Kelly Hosek, while employed at AG Edwards & Sons, breached his fiduciary duty, engaged in churning, committed fraud, and executed unauthorized purchases. The complaint settled in 2011 for $205,000.
In 2009 Kelly Hosek was placed under regulatory review by the state of South Dakota following allegations he engaged in unauthorized trading.
According to FINRA rules and federal securities law, financial professionals like Kelly Hosek are forbidden from effecting securities transactions without a client’s authorization. There are some exceptions, including discretionary accounts and, in some circumstances, margin accounts. Brokers, investment advisers, and broker-dealer firms who effect unauthorized trades may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Kelly Hosek, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency, which means we only get paid if and when you collect money. You may have a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.