Hank M. Werner—Fraudulent Scheme
Hank 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.