Joseph Hooper iPractice

iPractice fraudJoseph Hooper Allegedly Sold $3.4 Million Worth of iPractice, Earned $425,000 in Commissions; Investor Lawyers Investigating

Joseph Hooper allegedly sold $3.4 million worth of stock in a company called iPractice Group, Inc. Hooper allegedly earned $425,000 (or 12.5%) in commissions from selling iPractice stock to about 41 investors, according to FINRA.

Unfortunately for most investors, iPractice shut down in January 2013, which essentially negated investors’ interest in their iPractice stock, FINRA further notes.

The Peiffer Wolf investor right lawyers Jason Kane and Joe Peiffer are investigating this matter and are preparing to take action on behalf of iPractice Group investors and seek compensation for any losses they suffered.

Hooper reportedly violated NASD and FINRA Rules when he allegedly failed to notify his member firm, Source Capital Group, Inc., that he was participating in the sale of iPractice securities and allegedly further failed to disclose that he had any such role in the transactions when describing his outside employment with iPractice to Source Capital Group, according to the allegations of the FINRA Department of Enforcement.

iPractice Was a Nashville-based Company Involved in E-Medical Records

iPractice was purported to be a Nashville-based company that specialized in electronic medical records. It raised money from investors starting in 2010, according to evidence collected by the Peiffer Wolf investor right lawyers.

Joseph S. Hooper was a registered representative and financial advisor with Source Capital Group from 2003 to April 2010, and again from June 2012 to January 2013, but has not been in the securities industry since leaving Source Capital Group.

The Peiffer Wolf Investment Rights Lawyers Preparing to Take Action on Behalf of iPractice Investors

The Peiffer Wolf investment rights lawyers, Jason Kane and Joe Peiffer, have assembled evidence in this case and are preparing to take action and seek compensation on behalf of iPractice investors. They often represent investors who lose money as a result of investment misconduct. 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.

iPractice Group investors may contact the investment recovery lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.

Broker: Joseph Hooper

Status: INVESTIGATED by Peiffer Wolf.

For brokercheck report and additional info click here!

Peiffer Wolf (1315 Posts)

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.