Jason Steven Hawke, of Meridian, Idaho, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $45,000.00 in damages based upon allegations that Hawke made unsuitable recommendations of private placements during the time that Hawke was associated with National Securities Corporation. FINRA Arbitration No. 20-00790 (October 7, 2021).
FINRA Public Disclosure shows that Hawke was referenced in eight other customer initiated investment related disputes concerning Hawke’s conduct while associated with securities broker dealers. On April 25, 2011, a customer filed an investment related complaint involving Hawke’s conduct in which the customer requested damages based upon allegations that Hawke made unsuitable recommendations and made misrepresentations of material fact in connection with the sale of real estate securities when Hawke was associated with JP Turner Company LLC. The securities broker dealer closed this complaint.
On June 27, 2012, a customer initiated investment related FINRA securities arbitration claim involving Hawke’s conduct was settled for $25,000.00 in damages based upon allegations that Hawke violated state and federal securities laws, committed fraud, breached his fiduciary duties, and made unsuitable recommendations of over-the-counter equities during the time that Hawke was associated with JP Turner Company LLC. FINRA Arbitration No. 11-01746.
Hawke was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled to resolve allegations that Hawke made unsuitable recommendations of REITs when Hawke was associated with LPL Financial LLC. FINRA Arbitration No. 12-03893 (December 30, 2013).
On May 28, 2015, a customer initiated investment related FINRA securities arbitration claim involving Hawke’s conduct was settled for $17,500.00 in damages based upon allegations that Hawke breached his fiduciary duties, committed fraud, was negligent, made unsuitable recommendations and misrepresentations of material fact in connection with the sale of private placements during the time that Hawke was associated with JP Turner Company LLC. FINRA Arbitration No. 14-01566.
On September 27, 2019, Hawke was fined $10,000.00 and suspended as a stockbroker for 30 days by Idaho Department of Finance because Hawke engaged in private securities transactions. Order No. 2019-7-06. According to the Idaho regulator, National Securities Corporation (NSC) had rules on selling away, including that Hawke had to let NSC’s supervisor know in writing before taking part in any private transaction. Hawke knew about this rule because he signed documents with NAMI and NSC stating that he comprehended this.
NSC and National Asset Management Inc. (NAMI) discharged Hawke on March 27, 2019, stating that Hawke didn’t follow the company’s rules about informing them before making private transactions. It was not the first time Hawke lost a job because of issues related to private business transactions. On August 2, 2011, his past securities broker dealer employer, JP Turner Company LLC, also terminated his stockbroker registration for allegedly breaking rules related to selling away.
On July 16, 2015, Idaho Department of Finance gave Hawke a warning letter because of a probe into the reasons behind his termination from JP Turner Company LLC. The Department also noted FINRA Rule 3280, where anyone associated with FINRA needs to let their employer know in writing about any upcoming private securities transaction. Hawke broke NSC’s rules and FINRA Rule 3280 by not notifying NSC before making private transactions. Therefore, Idaho Department of Finance found that Hawke violated Rule 104.28 when he violated FINRA Rule 3280 by participating in private transactions without letting NSC know beforehand.
Hawke was associated with National Securities Corporation as a stockbroker from October 7, 2011, to March 27, 2019, and associated with National Asset Management Inc. as an investment advisor representative from December 15, 2011, to March 27, 2019. He has been associated with DH Hill Securities LLLP as a stockbroker since October 21, 2020, and associated with Hawke Financial Group as an investment advisor representative since September 1, 2019.
