DID MICHAEL PATRICK HANRAHAN CAUSE YOU INVESTMENT LOSSES?
Michael Hanrahan Formerly With MML Investors Services And MSI Financial Services Has 4 Customer Complaints For Alleged Broker Misconduct
Who is Michael Hanrahan of MML Investors Services?
Michael Hanrahan (CRD #1951824) who was formerly registered with MML Investors Services and located in Sumter, South Carolina is a subject of one of our many securities industry sales practice abuse investigations. Prior to MML Investors Services, Michael Hanrahan was associated with MSI Financial Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Michael Hanrahan Customer Complaints
Michael Hanrahan has been the subject of 4 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Michael Hanrahan’s 3 customer complaints was settled in favor of investors. Three of Michael Hanrahan’s customers’ complaints were denied and, to date, the customers have not taken any further action.
Allegations Against Michael Hanrahan
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Customer alleged Michael Hanrahan mismanaged a fund transfer into his variable annuity.
- Plaintiff alleged that upon Michael Hanrahan’s advice, he pledged the cash value of his insurance policy and an additional sum of money as security for loans made to the defendant Amsub Network, Inc. by Sumter National Bank and the Branch Banking & Trust Company of South Carolina. Amsub Network defaulted on the loan. Plaintiff claimed Michael Hanrahan misrepresented the financial condition of Amsub Network and provided him with incorrect financial advice.
- The complainant alleged that this annuity was misrepresented by Michael Hanrahan. The complainant stated she did not understand that there were other options available that would have been more in line with her current and upcoming liquidity needs.
Michael Hanrahan Red Flags & Your Rights As An Investor
Of course, Michael Hanrahan 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 Michael Hanrahan at MML Investors Services and MSI Financial Services on alert to review carefully the activity and performance of their accounts and question whether Michael Hanrahan has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at MML Investors Services and MSI Financial Services 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.
File A Claim To Recover Your Investment Losses At MML Investors Services Due To Michael Hanrahan
If you have questions about MML Investors Services, MSI Financial Services, and/or Michael Hanrahan 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.