Frederick D. Houck— Alleged Discretionary Trading

California stockbroker fraud attorneyFrederick Houck Allegedly Engaged in Discretionary Trading and Purportedly Executed 491 Transactions in the Accounts of Two Customers without Permission from Freedom Investors Corp

Frederick Houck, from August 2011 through September 2015, allegedly engaged in exercised discretion in executing 491 transactions in the accounts of two customers pursuant to a recommended investment strategy, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Frederick Houck’s alleged discretionary trading are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Frederick Houck’s alleged discretionary trading.

Houck, of Spokane, Washington, allegedly did not have permission from his former brokerage firm, Freedom Investors Corp., to engage in this type of trading, the AWC states.

Houck has also been the subject of one customer complaint, alleging claims of negligence, excessive trading, churning, and breach of fiduciary duty.  Houck was also affiliated with Strategic Finance Partners.

In addition, while said conduct was ongoing during December of 2014, Houck allegedly submitted to Freedom and Acknowledgement of its Standards of Conduct, which Houck initialed and signed to certify, in contradiction to his alleged ongoing course of conduct, that he would not exercise any discretionary power in effecting a transaction for a customer’s account, the AWC states.

Frederick Houck Suspended Two Months by FINRA for Alleged Discretionary Trading

Frederick Houck has been suspended from the securities industry by FINRA suspended for two months regarding allegations that he engaged in discretionary trading (on 491 occasions) without the proper written permission to do so, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Fredrick Houck entered the securities industry in August of 2003 as a general securities representative with a  FINRA member firm and was also registered as a general securities representative with Freedom Investors Corp from April 2007 until June of 2016, and is not currently associated with a FINRA-registered firm, the AWC reports.

One should also note that, according to the AWC, Frederick Houck neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Frederick Houck’s alleged discretionary trading. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Frederick Houck’s alleged discretionary trading may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1234 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.