Hoss Esmaeili is the Subject of Unauthorized Trading Allegations

Hoss Esmaeili (CRD #: 5581440), a broker registered with Avantax Investment Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on September 5, 2025. Keep reading if you have questions concerning his alleged conduct. 

Investor Dispute

On June 26, 2025, an investor alleged that Hoss Esmaeili executed an unauthorized sale of funds from her account, which resulted in a loss. The investor is seeking $439,114, but the dispute was denied. Investors should know, however, that firms can deny disputes without any external review. 

Unauthorized Trading

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

Background Information 

Hoss Esmaeili has passed the following exams: 

• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 

He has registered with seven states and D.C. He is a registered investment adviser in Texas. 

Hoss Esmaeili has registered with the following firms: 

• Avantax Investment Services (CRD #: 13686) 
• Avantax Advisory Services (CRD #: 104556) 
• Cambridge Investment Research Advisors (CRD #: 134139) 
• Cambridge Investment Research (CRD #: 39543) 
• Lincoln Financial Securities Corporation (CRD #: 3870) 
• Wells Fargo Clearing Services (CRD #: 19616) 
• PNC Investments (CRD #: 129052) 
• Edward Jones (CRD #: 250) 

Kurta Law Can Help

If you worked with Hoss Esmaeili and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.