DOUGLAS KEITH HYER is currently employed as a Broker and/or Investment Adviser at FIRST ALLIED SECURITIES, INC. located at 233 EAST SHORE RD., SUITE 208, GREAT NECK, NY, 11023.
DOUGLAS KEITH HYER has worked at FIRST ALLIED SECURITIES, INC. since January 31, 2013
DOUGLAS KEITH HYER has 5 Disclosure Event(s).
Date: April 21, 2018 Category: Customer Dispute Allegations: Client alleges that his advisor, Mr. Douglas Hyer, placed him in unsuitable alternative investments. Client also alleges that the investments were misrepresented to him by his advisor. Broker Comment: The Financial Adviser denies all allegations and vehemently objects to accusations that the client's investments were unsuitable or that there were any misrepresentation regarding the liquidity of investments. All investments were appropriate for client's attested investment objectives and profile and were made with client's understanding of the investment product's time horizon.
Date: February 04, 2013 Category: Employment Separation After Allegations Firm Name: NEXT FINANCIAL GROUP, INC. Termination Type: Permitted to Resign Allegations: FAILURE TO FOLLOW COMPANY POLICIES; IMPROPER USE OF SOCIAL MEDIA.
Date: August 10, 2009 Category: Customer Dispute Allegations: STATEMENT OF CLAIM ALLEGES THAT RR MADE UNSUITABLE TRANSACTIONS AND WAS CHURNING AND THE RR ENGAGED IN BREAKPOINT SALES Damage Amount Requested: $646,000.00 Settlement Amount: $190,000.00 Broker Comment: RR DENIES ALL ALLEGATIONS. FORMER TRUSTEE UNDERSTOOD AND APPROVED ALL TRANSACTIONS.
Date: May 24, 2004 Category: Customer Dispute Allegations: CLIENT ALLEGES SUITABILITY. NO COMPENSATORY DAMAGES CLAIMED, BUT APPEAR TO BE GREATER THAN $5000.
Date: March 22, 2001 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT PURCHASE OF MUTUAL FUND IN JANUARY 2000 WAS UNSUITABLE FOR INVESTMENT OBJECTIVE, AND SOUGHT COMPENSATION FOR DECLINE IN VALUE. REPRESENTATIVE DENIED ALLEGATIONS, AND STATED THAT PURCHASE HAD BEEN FULLY REVIEWED WITH CUSTOMER, WHOHAD MANY YEARS OF INVESTMENT EXPERIENCE. CLAIM HAS BEEN DENIED. Damage Amount Requested: $7,000.00 Broker Comment: CLAIM HAS BEEN DENIED.
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for DOUGLAS KEITH HYER, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More