Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

North Carolina Financial Services Executives Face FINRA Over Investment Misconduct

One NC Representative Suspended as Another Banned by FINRA

Two North Carolina financial services executives face FINRA sanctions after two separate FINRA investigations revealed alleged misconduct.

In a Jan. disciplinary action, FINRA stated that Sean K. Hannon, of Cary, North Carolina, had failed to appear for on-the-record testimony in two different arbitration cases filed against him by investors. In both cases, investors accused Hannon of making unsuitable recommendations and excessive trades, and of omitting material facts. One set of investors also accused him of providing them with false account summaries.

FINRA reviewed the facts of the arbitration cases against Hannon, and then requested Hannon’s testimony. According to FINRA’s Order, Hannon failed to provide testimony in either case. As penalty, he has been barred permanently from association with any FINRA member in any capacity.

John Herman Fick, a registered representative in Fuquay-Varina, North Carolina, received a FINRA sanction this year for allegedly signing customers’ names to insurance documents without their knowledge or consent. According to FINRA, Fick’s actions occurred at least two separate times during which he was associated with two different firms. As penalty, Fick has been fined $5,000 and suspended from association with any FINRA member in any capacity for a period of 18 months.

Both Hannon and Fick signed consent agreements, in which they accepted FINRA sanctions but neither admitted nor denied any wrongdoing. The agreements were made public in FINRA’s June listing of disciplinary actions. For additional information, click here.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram