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Howard Hanna Named in Dispute Involving Variable Annuity

Jan 18, 2023 Misrepresentation

Howard Hanna (CRD #: 2076342), a broker registered with NYLIFE Securities, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on January 10, 2023. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On October 11, 2022, an investor alleged that a variable annuity Howard Hanna recommended in June 2021 did not feature an investment preservation rider that the client expected to be included. The investor also expected he would receive 4% interest. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulation and deception to influence investors’ decisions. Misrepresentation of an investment’s potential returns, risks, limitations, or other relevant information violates this rule.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. 

What is a variable annuity?

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information

Howard Hanna has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Howard Hanna is a registered broker in Mississippi and Texas.

He has also worked for MetLife Securities (CRD#:14251) and New England Securities (CRD#:615).

Kurta Law Can Help

If you worked with Howard Hanna and you have concerns about your investments, please contact us today at 877-600-0098 or 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.