The Forida-based Soreide Law Group obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, May 2018.”
Michael Douglas Hanke (Mike Hanke) (CRD #3158013, Tampa, Florida)
was assessed a deferred fine of $10,000 and suspended from association with any FINRA member in all capacities for one month for allegations that he executed discretionary transactions in a client account without written authorization.
FINRA’s findings stated that although in some instances Mike Hanke had express or implied authority from the clients (a husband and wife) to exercise discretion in their account, he did not obtain prior written authorization from the clients and his member firm did not accept the clients’ account as discretionary. The firm does not allow unapproved discretionary trading in client accounts.
Also, FINRA’s findings stated that Mike Hanke marked seven order tickets in the clients’ account as unsolicited when in fact the trades had been solicited, causing his firm to maintain inaccurate books and records.
The suspension was in effect from March 19, 2018, through April 18, 2018.
(FINRA Case #2015046918701)
According to FINRA’s BrokerCheck, which is available to the public on FINRA’s website, Mike Hanke has 7 Disclosures on his report, 4 of these Disclosures are “Customer Disputes.” Hanke has been registered in the securities industry for 16 years and was listed with 3 firms, the most recent listed below:
12/18/1998 - 09/08/2015 AMERIPRISE FINANCIAL SERVICES, INC - LUTZ, FL
05/30/2001 - 08/13/2008 SECURITIES AMERICA, INC - LUTZ, FL
If you were a former client of Mike Hanke formerly of Ameriprise Financial Services in Lutz, Florida, and experienced investment losses due to his actions or recommendations, contact Soreide Law Group, conveniently based in Florida, and speak to an experienced securities lawyer at no cost regarding the recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group representing clients nationally before FINRA. We operate on a contingency fee basis.
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