Investor Alert! Soreide Law Group is investigating possible investor lawsuits to be brought against securities broker Jacqueline L. Hanson (CRD#: 2903017, Newark, New Jersey). Mainly, the Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations of sales practice violations by Hanson, who worked for CUSO Financial Services (“CFS”) from 2013 to 2018 and then Pruco Securities from 2018 to 2020. Here’s a summary of these disclosures which suggest that Hanson might have caused investor losses on REITs.
CFS Client Indicates That Jacqueline Hanson Sold Unsuitable REIT
Evidently, a client of CFS brought a dispute about Jacqueline Hanson in March 2020. In this FINRA Arbitration Claim, the client mainly alleged that Hanson sold or recommended a real estate investment trust (“REIT”) that was not appropriate for the client. It seems that the real estate security was too risky and potentially incompatible with the client from a suitability standpoint. Because of this, CFS opted to settle the matter through compensating the client in April 2020.
Second CFS Client Indicates Hanson Did Not Explain Annuity Drawbacks
Apparently, a second CFS client took aim at Jacqueline Hanson through a complaint in June 2018. Purportedly, the client did not receive important information from Hanson regarding a variable annuity that the client purchased. These omissions reportedly included the tax treatment and the surrender penalties on the variable annuity which the client purchased in 2016 through the broker. For this reason, the client demanded compensation. However, it appears that the client did not pursue further action following the filing of the complaint.
Wachovia Client Indicates That Jacqueline Hanson Misrepresented Unit Investment Trusts (UITs)
Evidently, a client of Wachovia Securities brought a dispute about Jacqueline Hanson years ago. It seems that Hanson recommended and ultimately sold unit investment trusts to this client. Supposedly, the financial advisor misrepresented the unit investment trusts that the client purchased. Specifically, Hanson seemingly represented that these investments would not fluctuate in value and were unrelated to the bond market. Moreover, the client was purportedly led to believe that transaction fees were lower than they actually were. Because of this, the client asked for $45,000 in compensation. However, this client’s investment dispute was denied by Wachovia Securities.
Losses Because Of Investing Through Hanson?
Apparently, Jacqueline Hanson denies allegations of her sales practice violations. Have you experienced losses by investing with her? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of securities firms and financial advisors.