Investors might have sustained losses because of securities broker Larry Richard Hancock [CRD: 1514911, Federal Way, Washington], according to disclosures on FINRA BrokerCheck. Apparently, Hancock worked for Purshe Kaplan Sterling Investments from December 3, 2010, to January 2, 2020. He currently operates as President of ProActive Retirement Solutions and also serves as an investment adviser representative for Integrated Wealth Concepts LLC as of January 2024. Continue reading to learn more about Hancock’s disclosures involving client allegations of unsuitable investment recommendations.
Specifically, on July 3, 2024, a ProActive Retirement Solutions client filed a complaint about Larry Hancock. The client alleged that Hancock made unsuitable recommendations and failed to provide adequate service and guidance. Because of this, the client allegedly sustained damages on real estate securities. Therefore, the client requested damages—determined by the firm to be in excess of $5,000—from ProActive Retirement Solutions or Hancock.
Also, a client of Purshe Kaplan contested Larry Hancock’s sales practices by filing FINRA Arbitration No. 20-04087. Allegedly, Hancock made unsuitable recommendations. Supposedly Hancock caused the client to sustain damages on variable annuities and real estate securities. As a result, Purshe Kaplan opted to settle the matter on September 20, 2022, by compensating the client in the amount of $17,500.
Are you looking for more information about Larry Hancock? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities lawyer. Soreide Law Group has recovered losses for investors throughout the country, works on a contingency fee basis, and advances all costs. Hancock and brokerage firms Hancock worked for deny accusations of sales practice violations.
JOHN LAWRENCE ALEX (JOHN L ALEX) has been registered both as a broker and financial advisor with MORGAN STANLEY of Morristown, New Jersey, since11/15/2011. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN L ALEX has 36 years of experience in the securities industry and has been registered with 4 firms. Alex […]
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
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