Former Aegis broker Scott Hananel, also known as Scott Neil Hananel, is the subject of multiple customer disputes instituted allegations of unsuitable investment recommendations, among others, according to an investigation by attorney Alan Rosca.
Investor rights attorney Alan Rosca and his colleagues at the Rosca Scarlato LLC law firm are investigating conduct related to customer disputes involving Scott Hananel. Investors who are concerned about their investments with broker Scott Hananel may contact attorney Rosca or his colleagues for a free case evaluation and discussion of potential options, or to provide any useful information, toll free at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
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Recent Customer Dispute Disclosures Involving Scott Hananel Allege Unsuitability, Among Other Things
An investigation by the investor rights attorneys at the Rosca Scarlato LLC law firm found customer dispute disclosures on broker Scott Hananel’s FINRA Brokercheck page.
A customer filed a dispute in February 2021 alleging unsuitable investments involving the previously registered Aegis broker. The customer is requesting unspecified damages.
Additionally, another customer filed a dispute in January 2021 alleging breach of contract, breach of fiduciary duty, and unsuitable investment recommendations involving common and preferred stock. This dispute is also seeking to recover unspecified damages.
In December 2020, another customer filed a dispute alleging unsuitable investments, unauthorized trading, and churning. Furthermore, the customer is requesting $50,000 for the alleged damages.
Over $200,000 Paid in Settlements to Scott Neil Hananel Investors
According to Hananel’s FINRA Brokercheck page, over $200,000 in settlements were paid to Scott Hananel’s investors between 2002 and 2016.
A customer filed a dispute in March 2016 alleging unauthorized trading, over concentration in unsuitable investments, unsuitable use of margin, and breach of fiduciary duty. The customer was requesting $150,000 for the alleged damages. In October 2016, a customer received a settlement to the tune of $46,500.
Similarly, a customer received a settlement of $150,000 in March 2010 after a dispute was filed alleging broker Scott Neil Hananel made various misrepresentations from February 2007 through December 2008, resulting in significant damages. The customer requested $300,000 for the alleged damages in February 2009.
A customer filed a dispute in July 2002 alleging unsuitability, fraud, deceit, omission of material fact, unauthorized discretionary trading, churning, violation of section 10 B of the Exchange Act, misrepresentation and omissions, and breach of fiduciary duty. The customer requested $139,326 for the alleged damages and received a settlement to the tune of $52,000 in November 2003.
Investors who are concerned about their investments with broker Scott Hananel may contact attorney Alan Rosca for a free case evaluation and discussion of potential options by calling 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
Scott Hananel Was Registered with FINRA for 21 Years
As reported on Hananel’s FINRA Brokercheck page, he joined the securities industry in 1999 and switched employers five times.
He was previously registered with Aegis Capital Corp located in Melville, New York from February 2010 until February 2021.
He was also registered with Gunnallen Financial, Milestone Group Management, Salomon Grey Financial Corporation, and Royal Hutton Securities from February 1999 through March 2010, as reported on his Brokercheck page.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog. Also, each case is different and prior recoveries by other investors are not indicative of any potential recoveries by future investors.
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Investor Rights Attorneys May Be Able to Help
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and is currently investigating conduct related to multiple customer dispute disclosures alleging unsuitable investment recommendations involving former Aegis broker Scott Hananel.
The firm takes most cases of this type on a contingency fee basis and advances the case costs, and only gets paid for its fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who are concerned about their investments with broker Scott Hananel may contact investor rights attorney Alan Rosca or his colleagues for a free, no-obligation case evaluation and discussion of potential options, or to provide any useful information. Interested Hananel investors may call 888-998-0530, send an email to arosca@rscounsel.law, or leave a message through the contact form on this webpage.
