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Michael Hoye is the Subject of an Investor Dispute

Michael Hoye (CRD #: 3029864), a broker registered with Ausdal Financial Partners, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 14, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On July 2, 2024, an investor alleged that Michael Hoye violated the Illinois Consumer Fraud and Deceptive Business Practices Act. They further alleged that he engaged in negligence. 

The investor is seeking $280,000. 

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Background Information 

Michael Hoye has passed the following exams:

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination
  • Series 6 Investment Company Products/ Variable Contracts Representative Examination 
  • Series 26 Investment Company Products/Variable Contracts Principal Examination 

He is a registered broker in nine states and is a registered investment adviser in Illinois. 

During his 26 years of experience, Michael Hoye has registered with six firms: 

  • Ausdal Financial Partners (CRD #: 7995) 
  • Waterstone Financial Group (CRD #: 10078) 
  • Royal Alliance Associates (CRD #: 23131) 
  • High Mark Securities (CRD #: 42467) 
  • World Group Securities (CRD #: 114473) 
  • WMA Securities (CRD #: 32625) 

Kurta Law Can Help 

If you worked with Michael Hoye and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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