Broker Zachary Hansen Suspended After Selling Away From UBS Financial Services

Attorney Advertising Disclaimer

FINRA fined and suspended Zachary Hansen for communicating with UBS Financial Services (Denver, CO) customers through text messages without the firm's authorization or approval, thus causing UBS to maintain incomplete books and records.

Additionally, UBS terminated Hansen for "encouraging/facilitating selling away" and "use of inappropriate electronic communications." The employment separation disclosure also lists additional allegations of violating the firm's policy for handling customer complaints and failure to disclose personal investments along with an outside business activity.

According to FINRA's AWC #2020067908701, broker Zach Hansen (CRD #5553180) violated multiple industry rules through the aforementioned misconduct, while Hansen's BrokerCheck file reflects that two customers filed disputes alleging unsuitable investments and unauthorized trading.

Both disputes resulted in settlements, with the unauthorized trading complaint further alleging that a conservative investor's account was improperly listed as Moderate Risk.

In addition to his employment at UBS Financial Services in Colorado, Hansen's file lists ownership of a companies named DZ Galaxy LLC and Story Drives LLC, as well as serving as a member of a committee with management functions in Inverness North Metro District, an unincorporated community in the greater Denver-Aurora-Lakewood, Colorado area.

If you invested with former UBS Financial Services broker Zachary Hansen or with any investment adviser or representative who improperly conducted business using unapproved methods of communication, such as personal cell phones, text messages or e-mails; or who engaged in unsuitable and unauthorized trading activity that has proven harmful to your investments or interests, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

Categories