DID RONALD MATTHEW HOYLE CAUSE YOU INVESTMENT LOSSES?
Ronald Hoyle Of J.W. Cole Financial, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Ronald Hoyle Of J.W. Cole Financial, Inc.?
Ronald Hoyle (CRD #5754179) is currently registered with J.W. Cole Financial, Inc. and J.W. Cole Advisors, Inc. in Tomball, Texas, with registrations starting on August 24, 2017, and September 26, 2017, respectively. He is licensed in 18 U.S. states and territories and registered with one Self-Regulatory Organization. Hoyle has passed two general industry/product exams (Securities Industry Essentials Examination and Investment Company Products/Variable Contracts Representative Examination) and two multi-state securities law exams (Uniform Investment Adviser Law Examination and Uniform Securities Agent State Law Examination). His career has included associations with several firms, reflecting a broad range of experiences across different geographic locations and regulatory environments.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Ronald Hoyle Customer Complaints and Reviews
- Regulatory Events (2 Incidents)
- Sanction by Illinois Department of Insurance (2014): Fined and entered into a Stipulation and Consent Order for signing an application without the soliciting producer’s name, incurring a $1,000 fine.
- Sanction by Illinois Department of Insurance (2007): Fined $1,000 for using terminology during a sales call that was taught incorrectly by an employer, which was against regulations.
- Customer Disputes (3 Incidents)
- Misrepresentation Allegation (2012-2020): A client alleged misrepresentation regarding variable annuities and managed accounts aiming to generate commissions, which was settled for $115,000, with Hoyle contributing $25,000.
- Unsuitable Annuity Purchase (2023): Alleged that an annuity purchased was unsuitable, causing unnecessary charges; the complaint was denied by the firm after reviewing the full disclosure provided to the client.
- Failure to Disclose Fees (2013-2014): Alleged failure to disclose fees and unsuitable rider in the purchase of a variable annuity; the complaint was withdrawn, and no financial restitution was pursued after a detailed explanation was provided by Hoyle.
Allegations Against Ronald Hoyle
- Regulatory Allegations:
- Failing to include the soliciting producer’s name on an application.
- Misusing terminology in a sales call contrary to regulatory standards.
- Customer Complaint Allegations:
- Misrepresentation of products (variable annuities and managed accounts) to generate commissions.
- Unsuitability of an annuity purchase, allegedly leading to unnecessary surrender charges and loss of benefits.
- Failure to adequately disclose fees associated with an annuity product, coupled with a complaint about the suitability of an annuity rider.
Ronald Hoyle Red Flags & Your Rights As An Investor
Of course, Ronald Hoyle did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Ronald Hoyle at J.W. Cole Financial, Inc. on alert to review carefully the activity and performance of their accounts and question whether Ronald Hoyle has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at J.W. Cole Financial, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At J.W. Cole Financial, Inc. Due To Ronald Hoyle
If you have questions about J.W. Cole Financial, Inc. and/or Ronald Hoyle and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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