National investment loss lawyers KlaymanToskes is investigating Brandon Hanna (CRD# 6758707) of Creative Planning, LLC in connection with the filing of a customer complaint alleging $10 million in damages due to unsuitable investment recommendations in options, along with elder financial abuse, misrepresentations, and negligence.
According to FINRA BrokerCheck, Brandon Wesley Hanna has been registered as an investment advisor with Creative Planning, LLC since 2017 in Overland Park, KS. Hanna was previously named in two customer complaints in which the investors were collectively awarded over $6 million by FINRA arbitration panels.
Investors that suffered losses with Brandon Hanna and/or any other advisor at Creative Planning, LLC are encouraged to contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or firstname.lastname@example.org. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Brandon Hanna has three customer complaints. The most recent complaint is pending and alleges $10,000,000 in damages to the customer’s account due to unsuitable options investments. The complaint also alleges elder abuse, breach of fiduciary duty, professional negligence, negligent misrepresentation, and securities fraud in violation of the Kansas Securities Act.
Hanna has two additional customer complaints, including one complaint which alleged $15,000,000 in damages due to unsuitable options investments. The customer received an arbitration award of $4,762,653 and further alleged negligence, misrepresentation, breach of contract, violation of the California Securities Act, violation of the California Business & Professions Code, and Violation of the Kansas Securities Act.
A third customer complaint alleged $1,188,816 in damages due to unsuitable options investments and further alleged breach of fiduciary duty, constructive fraud, fraud by misrepresentation and omission, and Negligence. The customer was awarded $1,593,119.50 by a FINRA Arbitration panel.
SEC Regulation Best Interest, a/k/a “Reg BI” establishes a “best interest” standard of conduct for brokers and brokerage firms making recommendations of securities investments and investment strategies to their customers, under the Securities Exchange Act of 1934.
Investment advisors and their firms have a responsibility to make recommendations with their customer’s best interest in mind, based upon the client’s personal needs and preferences.
Additionally, a representative that recommends investments for the purpose of being compensated through increased commissions, and enriches themselves rather than properly benefiting the client, is violating securities laws.
Brokers and financial advisors must consider an investment’s risk, ensure that they do not misrepresent material facts, and/or overconcentrate the customer’s portfolio in unsuitable investments. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making unsuitable investment recommendations.
The violations discussed above each provide a basis for liability in a FINRA arbitration claim. FINRA arbitration is a more cost-effective process for investors, often occurring with increased speed and efficiency over a court proceeding. To learn more about additional securities violations, see our account activity violations page.
Former and current customers of Brandon Hanna who sustained losses in structured investment products are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or email@example.com for a free consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.