Donald Hancock Facing SEC Allegations Related to Potential Rule Violations

Donald Hancock (CRD #: 828811), a broker registered with Moloney Securities, is the subject of an SEC investigation. This is according to his BrokerCheck record, accessed on July 28, 2023. Keep reading for more information. 

On May 11, 2023, the SEC stated it was investigating Donald Hancock and potential rule violations of Regulation Best Interest. 

What is Regulation Best Interest? 

Regulation Best Interest expanded on the requirements of FINRA Rule 2111, which defines suitable investment recommendations. In addition to limiting their recommendations to investments that suit their investors’ needs, brokerage firms must also uphold a Duty of Care, a Conflict of Interest Obligation, and a Disclosure Obligation. These obligations and duties require brokerage firms to disclose conflicts of interest and, prior to recommending a security, research the market for investments that could offer similar benefits at a lower cost. 

Background Information 

Donald Hancock has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 65 Uniform Investment Adviser Law Examination
• Series 79TO Investment Banking Registered Representative Examination 
• Series 99TO Operations Professional Examination 
• Series 57TO Securities Trader Exam
• Series 52TO Municipal Securities Principal Examination 
• SIE – Securities Industry Essentials Examination 
• Series 55 Limited Representative-Equity Trader Exam 
• Series 5 Interest Rate Options Examination 
• Series 7 General Securities Representative Examination 
• Series 27 Financial and Operations Principal Examination 
• Series 4 Registered Options Principal Examination 
• SEries 53 Municipal Securities Principal Examination 
• Series 24 General Securities Principal Examination 

He is a registered broker in 33 states and is a registered investment adviser in Missouri. 

Donald Hancock has registered with the following firms: 

• Moloney Investment Advisory (CRD #: 212140) 
• Moloney Securities Co (CRD #: 38535) 
• Hancock Investment Advisors (CRD #: 117958) 
• Hancock Securities Group (CRD #: 103260) 
• D.R. Hancock & Company (CRD #: 10610) 
• A.G. Edwards & Sons (CRD #: 4) 
• R. Rowland & Co. Incorporated (CRD #: 911) 

Kurta Law Can Help

If you worked with Donald Hancock and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.