Are you familiar with the name Brandon Hanna? He is a financial advisor based in Overland Park, Kansas, registered under the CRD# 6758707. Recently, he’s come under scrutiny due to a lawsuit filed by an investor alleging that his conduct resulted in a striking eight-figure loss. Many people in the finance sector ask: what correspondence has this advisor had with the Securities and Exchange Commission?
For context, The Securities and Exchange Commission, often referred to as the SEC, maintains records on all registered investment advisors. According to these records, Mr. Hanna is aligned with Creative Planning, a comprehensive wealth management company.
Investor Complaints
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What’s interesting is that Brandon Hanna’s Investment Adviser Public Disclosure form outlines not just one, but three, investor complaints.
- The latest complaint, lodged in May 2023, cites that Mr. Hanna, in his role at Creative Planning, breached his fiduciary responsibility, purportedly committed elder abuse, displayed professional negligence, and misrepresented key facts. The charge even alleges violations of the Kansas Securities Act. The grievance specifies a period of misconduct from 2020 to 2022 and involves “proscribed conduct in providing investment advice in relation to options recommendations.” The current complaint assets damages amounting to a staggering $10 million in total.
- A previous complaint dating back to 2020 paints a similar picture. As a representative of Creative Planning, he is accused of breaching his fiduciary duty, committing fraud, negligent actions of material fact misrepresentation, and omission. Ultimately, this complaint resulted in a monetary award to the customer to the tune of $1,593,119.50.
- In 2021, another investor filed a complaint alleging negligence, intentional misrepresentation of material facts, contract breaching, violation of the California Securities Act and the California Business & Professions Code, as well as violation of the Kansas Securities Act. The outcome? A customer compensation totaling $4,762,653 in July 2023.
Despite all of this, it’s important to remember that serving as an investment advisor can be a complex role and that these allegations, though serious, are part of a legal process.
Brandon Hanna’s Professional Background
According to the Securities and Exchange Commission, Brandon Hanna comes with six years of industry experience. A Kansas resident, Brandon has been serving as an investment advisor with Creative Planning since 2017. His professional milestones include successfully passing the Uniform Investment Adviser Law Examination, otherwise known as Series 65. Brandon Hanna is fully licensed to operate in Kansas. (Information as of August 5, 2023.)
When incidents like this occur, they can be a stern reminder of the importance of vigilant management of our investments. That’s where financial investment law firms, like Haselkorn & Thibaut, can help. They specialize in representing investors from all over the U.S. in claims against financial advisors and investment firms.
If you or someone you know has suffered investment losses, don’t hesitate to reach out for support. Please call 1-800-856-3352 or complete their contact form for a free and confidential consultation.
