John Hancock Financial Network/Signator Investors, Inc.
| November 19, 2019
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.