Carl Dennis Hanks of Morristown New Jersey a stockbroker formerly registered with Morgan Stanley Smith Barney is referenced in a customer initiated investment related written complaint on March 11, 2016 where the customer requested unspecified damages based upon allegations that unauthorized mutual fund purchases had been effected in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that a customer initiated investment related arbitration claim regarding Hanks’ conduct was settled for $57,500.00 in damages founded on accusations that investment recommendations made to the customer were not suitable, and misrepresentations had been made to the customer concerning variable annuity information at the time that the product was purchased. FINRA Arbitration No. 10-03138 (May 17, 2011).