Erez Law is currently investigating former Proactive Retirement Solutions broker Larry Hancock (CRD# 1514911) regarding real estate investment losses. He was registered with Purshe Kaplan Sterling Investments in Federal Way, Washington, from 2010 to 2020, Next Financial Group, Inc. in Federal Way, Washington, from 2008 to 2010, and USA Financial Securities Corporation in Federal Way, Washington, from 2005 to 2007, when he was terminated regarding, “did not follow guidelines for advertising.”
Larry Hancock Customer Complaints
He has been the subject of two customer complaints between 2020 and 2024, according to his CRD report:
July 2024. “Client alleges lack of service, guidance, and unsuitable investments in several REITS that Mr. Hancock purchased and were done through his RIA: Proactive Retirement Solutions and were held at his RIA custodian: Schwab.” The case is currently pending. The complaint was regarding real estate securities, and it took place while he was registered with Proactive Retirement Solutions.
December 2020. “Client alleges unsuitable investments in variable annuities and REITS.” The customer sought $175,000 in damages, and the case was settled for $17,500. The complaint took place while he was registered with Purshe Kaplan Sterling Investments.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Proactive Retirement Solutions may be liable for investment or other losses suffered by Larry Hancock’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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