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Erik Hanson’s Investment Recommendation Allegedly Not in Client’s Best Interest

Erik Hanson (CRD #: 4528633), a broker registered with Morgan Stanley, is the subject of a pending dispute, according to his BrokerCheck record, accessed on October 8, 2022. Read on if you have questions about his conduct as a broker.

Investor Dispute

On July 26, 2022, an investor alleged that Erik Hanson’s recommendation to invest in a bond fund in 2021 was not in the client’s best interest. The investor seeks $210,000 in this pending dispute.

FINRA Rule 2111 

FINRA Rule 2111 requires brokers to consider whether an investment suits their investor’s financial goals. Brokers must consult the investor’s profile, which describes characteristics like their age, tax status, and risk tolerance.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2111 are automatic violations of FINRA Rule 2010. 

Background Information

Erik Hanson has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination

Erik Hanson is a registered broker in 34 states and the District of Columbia. He is also a registered investment adviser in California and Texas.

He has also worked for Morgan Stanley & Company (CRD#:8209) and Morgan Stanley (CRD#:7556).

Kurta Law Can Help

If you worked with Erik Hanson 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. 

 

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