Last Updated: February 2025 (Dallas, TX)
National securities fraud lawyers at Patil Law P.C. are investigating current Purshe Kaplan Sterling Investments and Concurrent Investment Advisors broker Lora Jane Hoff (CRD #3175071) regarding allegations of unsuitable oil and gas investments that failed to meet clients’ financial goals. The investigation stems from a recently filed customer complaint alleging significant losses.
Critical Insights About Dallas Financial Advisor Lora Jane Hoff
- Advisor Name: Lora Jane Hoff
- CRD: 3175071
- Current Location: Dallas, TX
- Current Employers: Purshe Kaplan Sterling Investments & Concurrent Investment Advisors, LLC
- Classification: Registered Representative & Investment Adviser Representative
- Customer Disputes: One recent complaint
- Current Registrations: Licensed in 6 states
- Years of Experience: Since 1999
- Professional Qualifications: Series 7, 63, CFP® designation
- Business Name: Wealth Partners Alliance (DBA)
- Current Status: Active with multiple firms
Details Of Current Investigation
A customer complaint filed in January 2025 alleges:
- Unsuitable investment recommendations
- Oil and gas investments that failed to meet financial objectives
- Damages alleged of $150,000
- Investigation focused on investment suitability and disclosure practices
Analysis Of Alleged Misconduct
The allegations raise serious concerns about:
- Investment suitability standards
- Risk disclosure practices
- Portfolio concentration issues
- Due diligence procedures
- Client investment objectives
- Risk tolerance assessment
- Documentation of investment rationale
Regulatory Framework And Investor Protection
SEC Regulation Best Interest requires:
- Thorough client suitability analysis
- Full disclosure of investment risks
- Documentation of investment rationale
- Clear communication of objectives
- Regular portfolio review
- Client best interest practices
FINRA Rules And Their Significance
FINRA Rule 2111 mandates:
- Reasonable basis suitability
- Customer-specific suitability
- Quantitative suitability
- Documentation requirements
- Risk disclosure obligations
Professional Background
Ms. Hoff’s career includes:
- Entry into securities industry in 1999
- Previous positions at multiple major firms
- Recent transition to new firms in 2024
- Certified Financial Planner™ designation
- Multi-state licensing history
Red Flags For Investors
- Recent oil and gas investment complaints
- Substantial alleged damages
- Questions about investment suitability
- Recent firm transitions
- Multiple business activities
- Complex investment products
- Concentration concerns
Implications For Current And Former Clients
Current and former clients should:
- Review all oil and gas investments
- Examine portfolio concentration
- Verify investment objectives
- Document communications
- Assess risk tolerance alignment
- Review account statements
- Consider independent review
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have concerns about unsuitable investments or losses in your account handled by Ms. Hoff, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
