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
Disclosure History
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.
More Information
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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.
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