DID TEOFILO TELL GONZALEZ CAUSE YOU INVESTMENT LOSSES?
Nicholas Hasselkus of Morgan Stanley Has 3 Customer Complaints For Alleged Broker Misconduct
About Nicholas Hasselkus of Morgan Stanley?
Nicholas Hasselkus (CRD #3257152) , is a broker whose career raises concerns due to a history of customer disputes and a pattern of frequently changing firms. Currently registered with Morgan Stanley in Scottsdale, AZ since September 2014, Hasselkus has had a checkered path across several notable firms, including J.P. Morgan Securities and Chase Investment Services. He is registered with 4 Self-Regulatory Organizations and licensed in 21 U.S. states and territories, having passed two general industry/product exams and one state securities law exam. Despite his extensive licensing, the lack of any principal/supervisory exams and multiple customer disputes overshadows his qualifications, casting doubt on his reliability and ethical standards.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Nicholas Hasselkus Customer Complaints and Reviews
Hasselkus’s record is tarnished by several customer disputes:
- Failure to Follow Transfer Instructions (Settled 2023): A customer alleged that Hasselkus did not follow instructions to transfer their account in-kind to a new firm in 2022, which led to a settlement of $14,624.43.
- Misunderstanding of Fixed Annuity Terms (Settled 2006): In two separate incidents, complaints were made that Hasselkus did not adequately explain the features and surrender charges of fixed annuities, leading to settlements of $2,645 each.
- Misrepresentation of Insurance Policy (Denied 2005): A complaint that a variable universal life insurance policy was misrepresented was denied, with no compensation awarded.
Allegations Against Nicholas Hasselkus
The allegations against Nicholas R. Hasselkus include
- Mismanagement of account transfers, specifically failing to execute a client’s request to transfer an account as instructed.
- Misrepresentation of product terms, particularly concerning the features and financial implications of fixed annuities and life insurance policies.
These allegations reflect a pattern of communication failures and possible ethical lapses in his handling of client accounts and financial products.
Nicholas Hasselkus Red Flags & Your Rights As An Investor
Of course, Nicholas Hasselkus did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Nicholas Hasselkus at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Nicholas Hasselkus has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Morgan Stanley also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Morgan Stanley Due To Nicholas Hasselkus
If you have questions about Morgan Stanley and/or Nicholas Hasselkus and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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