Hank M. Werner—Fraudulent Scheme

investment fraud attorney ClevelandHank M. Werner Allegedly Profited from an Elderly, Blind, and Physically Disabled Customer through a Fraudulent Scheme Wherein He Churned Said Customer’s Account

Hank M. Werner allegedly profited from an elderly, blind, and physically disabled customer through a fraudulent scheme wherein he churned said customer’s account, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Hank M. Werner allegedly churned the aforementioned accounts by purportedly placing over 700 trades which generated approximately $243,430.20 in commissions and fees, and approximately $183,734.33 in total net losses for the customer, said Complaint notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Hank M. Werner’s alleged churning of customer accounts.

Hank M. Werner Also Allegedly Recommended and Unsuitable Variable Annuity Exchange to the Same Elderly Client

Hank M. Werner, in July 2015, also allegedly recommended an unsuitable variable annuity exchange to said customer without having a bona fide reason to think that the transaction was suitable, according to the aforementioned Complaint currently under review by attorneys Alan Rosca and James Booker.

Werner and his associated firm Liberty Partners allegedly received a commission of $11,799.81 on the sale of which approximately $10,030 went to Werner’s pocket as a commission, said Complaint notes.

The Complaint concludes by stating that as Werner allegedly recommended an unsuitable variable annuity exchange to the elderly customer without having a reasonable basis to believe that the transaction was suitable, Werner hence allegedly violated FINRA Rules

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged churning of customer accounts and are currently investigating Hank M. Werner’s alleged unsuitable recommendations to customers. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Hank M. Werner’s alleged unsuitable recommendations to customers may contact the Cleveland securities lawyers of Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1159 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.