John Hancock Financial Network/Signator Investors, Inc.
Losses Caused by John Hancock / Signator
John Hancock Financial Network offers services for meeting financial goals
including wealth management, retirement solution, estate conservation,
compensation design approaches and corporate fringe benefits. As of 2008,
John Hancock has 350 offices across the United States. Signator Investors,
Inc. is a full-service broker-dealer affiliate of John Hancock.
John Hancock Broker Misconduct
John Hancock/Signator doesn't have a clean record when it comes to
dealings with investors. For example, in 2010,
FINRA barred a Florida John Hancock broker from the industry because he stole more than $1.9 million from investors
by way of selling fake products. The representative, Michael J. DiMare,
lied to investors and falsified statements to cover up his scam.
In March 2014, an
arbitration panel ordered Signator to pay $1.6 million to a couple who lost a substantial amount of money because of a bad real
estate investment. The broker put one million of his clients' money
into a real estate firm, but the broker misled the couple about the expected
return on their investment.
A securities brokerage firm licensed by FINRA, John Hancock Financial Network
has a legal duty to supervise its brokers and its brokers' recommendations
to clients to ensure compliance with and prevent violations of the rules
of the security industry. When an individual broker is negligent or acts
in an unlawful manner against the interests of the client and that client
suffers damages because of such wrongdoing, the firm may be held liable
for the investor's losses.
Recover Your Losses With the Help of an Investment Loss Attorney
Meyer Wilson’s investment loss attorneys possess the considerable
experience and financial resources necessary to successfully pursue claims
against firms like John Hancock Financial Network. We conduct strategic
investigations and aggressively develop claims against brokerage firms
in court, both state and federal, and arbitration with AAA, FINRA, and
private arbitration. Our firm even represents international victims of
investment fraud through FINRA.
Call us today to learn how securities fraud lawyers at Meyer Wilson can help you.