Joseph Hong – Financial Advisor/Broker Joseph Hong Barred from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Joseph Hong was a previously licensed financial advisor/broker with Symetra Securities, Inc., LPL Financial LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated. FINRA reports that Joseph Hong has a pending bar initiated by a regulatory authority for alleged violations of investment-related rules or regulations against Joseph Hong. This bar against Joseph Hong has been pending since March 2020.
According To FINRA:
On March 9, 2020, the Securities Division entered a Statement of Charges and Notice of Intent to Enter Order or Deny Future Registrations, Impose Fines, and Charge Costs (“Statement of Charges”) against Joseph Hong. In the Statement of Charges, the Securities Division alleges that Joseph Hong engaged in dishonest and unethical practices in the securities business by (a) knowingly over-drafting his Merrill Lynch brokerage account and transferring the proceeds to another financial institution without reasonably believing Joseph Hong would be able to repay the overdraft, and (b) failing to disclose the existence of a securities account to Joseph Hong’s Employing Firm and obtain the Firm’s written consent to maintain the account. The Statement of Charges give notice of the Securities Division’s intent to enter an order to cease and desist from violations of the Securities Act of Washington, to impose a fine of $5,000, to charge investigative costs of $1,000, and to deny any of Joseph Hong’s future investment adviser representative or securities salesperson applications for registration. Joseph Hong has the right to request a hearing on the Statement of Charges.
Goodman & Nekvasil, P.A. May Recover Investor Losses
If you lost money on investments with Joseph Hong and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Joseph Hong’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Joseph Hong and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 8/3/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.