Our law firm is investigating Northwestern Mutual Investment Services (“Northwestern Mutual”) in connection with the supervision of John Charles Hanson (“Hanson”), CRD No. 2420584. On November 6, 2014, Hanson and FINRA entered into a Letter of Acceptance, Waiver and Consent (“AWC”), in connection with failing to respond to a FINRA investigation and allegations of misappropriating customers’ funds. In the AWC, Hanson consented to be barred from associating with any FINRA member firm in any and all capacities.
According to the AWC, “In September 2014, FINRA initiated an investigation into allegations that Hanson misappropriated more than $300,000 from at least two firm customers. On October 3, 2014, FINRA staff issued to Hanson requests pursuant to FINRA Rule 8210 for Hanson to produce documents and information regarding the investigation and to appear for testimony on October 17,2014. In a phone call with FINRA staff on October 8, 2014, Hanson, through his counsel, stated that he would not produce any documents or information or appear for testimony in response to the Rule 8210 requests. FINRA Rule 8210 requires persons subject to FINRA’s jurisdiction to provide information when requested as part of a FINRA investigation. Moreover, pursuant to FINRA Rule 2010, all such persons are required to ‘observe high standards of commercial honor and just and equitable principles of trade.’ It is therefore a violation of FINRA Rules 8210 and 2010 for a person subject to FINRA’s jurisdiction to refuse to provide information during a FINRA investigation. Hanson’s refusal to provide information, documents and testimony to FINRA constitutes a violation of FINRA Rules 8210 and 2010.”
If you invested with John Charles Hanson , please contact our law firm, toll free, at 888-997-9956.
