Stoltmann Law Offices is investigating Joseph Scott Hooper, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Hooper is accused of participating in eight private securities transactions, otherwise known as “selling away.” Selling away is when a broker sells a security that is not offered or held by his brokerage firm. It is used to generate large commissions for the broker and is against securities rules and regulations. Hooper received $62,500 in commissions from the private securities sales.
Joseph Scott Hooper was registered with Source Capital Group in Bowling Green, Kentucky from January 2003 until April 2010 and Source Capital Group in Bowling Green from June 2012 until January 2013. He is not licensed and not currently registered with any member firm.