Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Zachary Hansen (Hansen), previously associated with UBS Financial Services INC., has at least 3 disclosable events. These events include 2 customer complaints, one regulatory event, alleging that Hansen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on August 11, 2022.
Without admitting or denying the findings, Hansen consented to the sanctions and to the entry of findings that he caused his member firm to maintain incomplete books and records by communicating with two firm customers about securities-related business through text messages, without the firm’s authorization or approval. The findings stated that Hansen’s text messages included communications related to securities recommendations, account performance and transactions, and market events. Hansen exchanged these text messages, using his personal cell phone, despite lacking authorization and approval to do so. Therefore, the firm did not retain these text messages.