Ronald Matthew Hoyle (also known as Ron Hoyle), of Tomball, Texas, a stockbroker registered with J.W. Cole Financial Inc., is the subject of a customer initiated investment related complaint filed on May 2, 2023, in which the customer requested $33,000.00 in damages based upon allegations that Hoyle made unsuitable recommendations of variable annuities during the time that Hoyle was associated with J.W. Cole Financial Inc. This complaint was denied by the securities broker dealer.
This is not the first time that Hoyle has been referenced in a customer initiated investment related dispute concerning Hoyle’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Hoyle is also referenced in a customer initiated investment related complaint filed on April 22, 2014, in which the customer requested compensation based upon allegations that Hoyle made unsuitable recommendations and made omissions of material fact in connection with the sale of variable annuities when Hoyle was associated with H. Beck Inc. This complaint was withdrawn by the customer.
On November 19, 2021, a customer initiated investment related FINRA securities arbitration claim involving Hoyle’s conduct was settled for $115,000.00 in damages based upon allegations that Hoyle made misrepresentations of material fact in connection with the sale of variable annuities when Hoyle was associated with J.W. Cole Financial Inc. FINRA Arbitration No. 20-03357.
Public Disclosure shows that Hoyle has been fined $1,000.00 by Illinois Department of Insurance based upon allegations that he made false representations about Medicare Advantage. Stipulation and Consent Order (June 5, 2007). Hoyle was also fined by Illinois Department of Insurance because Hoyle violated Illinois law by signing an application for a product he did not solicit. Stipulation and Consent Order (November 5, 2014). The regulator found that he violated Illinois Insurance Code Section 5/500-75.
Hoyle has been associated with J.W. Cole Financial Inc. as a stockbroker since August 24, 2017, and associated with J.W. Cole Advisors Inc. as an investment advisor representative since September 26, 2017.
