Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals details about securities broker Donald Leo Hansen Jr. [CRD: 3207894, San Francisco, California]. Hansen worked at Merrill Lynch from October 23, 2009, to March 22, 2024. Disclosures on BrokerCheck show allegations against Hansen stemming from his involvement with customers. Those allegations include unauthorized and excessive trading in client accounts, which led to his resignation on February 22, 2024. Here are more details on these client disputes.
A client complaint was filed against Merrill Lynch regarding actions taken between 2015 and 2023. The investor alleged excessive and unauthorized trading, misrepresentation, and failure to follow instructions in a municipal debt product account. FINRA Arbitration No. 24-01677 was filed on August 2, 2024. This matter is ongoing.
On February 22, 2024, Merrill Lynch disaffiliated with Donald Hansen Jr., citing allegations that Hansen engaged in unauthorized and excessive trading in client accounts. The firm alleged that these actions violated company policies.
On January 4, 2024, a client of Merrill Lynch made a complaint, accusing Donald Hansen Jr. of excessive trading and unauthorized trading concerning municipal bonds. The client claimed these actions caused financial harm. The matter is currently pending resolution.
For more information, contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Hansen and Merrill Lynch deny any wrongdoing related to sales practice violations. Soreide Law Group has experience representing investors throughout the country and handles cases on a contingency basis.
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