Jason Hawke, Formerly of National Securities Corporation, Named in Multiple Customer Disputes Since 2010

Hawke has been the subject of eight customer disputes, two employment terminations, and one suspension over his career.

The Sonn Law Group is investigating allegations that Jason Hawke committed misconduct. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Jason Hawke (CRD#: 4177415) was employed by National Securities Corporation from 2011 until 2019. In March 2019, he was discharged for allegedly failing to notify the firm prior to engaging in private securities transactions, as required by the firm’s policies and procedures. 

Prior to that, he was employed by JP Turner & Co., from 2008 until July 2011, when he was permitted to resign following allegations that he violated firm policy and industry rules related to commission payments and an unapproved private securities transaction. 

Unapproved private securities transactions are referred to in the financial industry as “selling away.” Selling away occurs when a broker solicits a customer to purchase securities that are not held, offered, or approved by the brokerage firm employing that broker. FINRA implemented Rule 3280, which states that no persons associated with a member brokerage firm shall participate in any manner in a private securities transaction, unless they disclose the outside business activity to their brokerage firm and get approval.

Most recently, in April of 2019, Hawke was served a cease and desist order by the Idaho Department of Finance. The allegations stated that while employed by National Securities Corp., Hawke violated written policies and procedures and FINRA Rule 3280 by failing to provide notice to the firm prior to engaging in private securities transactions. He was also fined $10,000 and suspended for 30 days. 

Hawke has a lengthy history with customer disputes. Over his career, eight total disputes have been brought against him. Three were closed with no action. One was denied. The other four are listed as follows:

• June 2014 – The client alleged misrepresentation, unsuitability, negligence, common law fraud, and breach of fiduciary duty. The matter was settled for $17,500.
• December 2012 – The client alleged unsuitability in connection with the purchase of “Inland Western REIT” in 2004. The matter was settled for $2,000.
• June 2011 – The client alleged unsuitable investments, breach of fiduciary duty, common law fraud, violation of Securities Exchange Act, and violation of Idaho securities laws. The matter was settled for $25,000.
• March 2010 – The client alleged negligence, unsuitability, breach of fiduciary duty, misrepresentation, and failure to perform due diligence. The matter was settled for $50,000.

Contact Us Today

The Sonn Law Group is currently investigating allegations that Jason Hawke committed misconduct. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.