John Hoekman—Outside Business Activity

Cleveland stockbroker fraud lawyerJohn Hoekman Allegedly Engaged in Certain Outside Business Activities and Participated in Private Securities Transactions without the Knowledge or Consent of Wells Fargo

John Hoekman allegedly engaged in certain outside business activities and participated in private securities transactions without the knowledge or consent of Wells Fargo, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by Cleveland attorneys Alan Rosca and James Booker.

John Hoekman was a financial advisor and registered representative of Wells Fargo Advisors from October 2012 to September 2015 and with Stephens, Inc. from 2004 to October 2012 in New York, NY, the aforementioned AWC reports.

Hoekman has also been the subject of at least six customer complaints, alleging that he made unsuitable investment recommendations, the AWC notes. The Peiffer Rosca Wolf securities lawyers are currently investigating John Hoekman’s alleged outside business activities and participation in private securities transactions without proper approval.

John Hoekman Barred for Allegedly Failing to Provide Documents and Information in the Course of a FINRA Investigation into Allegations that Hoekman Engaged in Certain Outside Business Activities

On April 1, 2016, FINRA Staff sent a request to Hoekman for on-the-record testimony pursuant to FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Hoekman acknowledges that he received FINRA’s request and would not appear for on-the record testimony at any time, and hence, violated FINRA Rules and has been barred by FINRA, the AWC reports.

One should also note that, according to the AWC, John Hoekman 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 alleged unauthorized transactions and are currently investigating John Hoekman’s alleged private securities transactions without approval. 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 John Hoekman’s alleged outside business activity may contact the securities lawyers at the Cleveland office of Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

 

Alan Rosca (1157 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.