Last Updated: April 2025 | San Francisco, CA
Donald Hansen Investigation Summary
Here’s what you need to know about San Francisco, CA, financial advisor Donald L. Hansen Jr.:
- Current Employer: Not currently registered
- Most Recent Firm: Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD# 7691)
- Past Employers: Banc of America Investment Services, Inc.; Citigroup Global Markets Inc.; Morgan Stanley DW Inc.
- Name: Donald L. Hansen Jr
- CRD#: 3207894
- Alias: Leo Hansen
- Function: Stockbroker / Financial Advisor
- Primary Location: San Francisco, CA
- Alias: Leo Hansen
- Can Donald Hansen be sued in FINRA arbitration? Yes
- Terminated by Prior Employer: Yes
If you’ve sustained damages from Mr. Hansen, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Donald Hansen As Your Stockbroker?
Two separate pending customer disputes have been filed in 2024 against Donald Hansen related to his conduct while at Merrill Lynch:
Pending Arbitration Filed August 2, 2024
- Case Number: FINRA 24-01677
- Allegations: Excessive and unauthorized trading, misrepresentation, and failure to follow client instructions between 2015 and 2023
- Product Involved: Municipal debt securities
- Status: Pending FINRA arbitration
- Damages: Not specified
Second Pending Complaint (Reported by Hansen)
- Filing Date: January 4, 2024
- Allegations: Excessive trading and failure to act in the best interest of the client from January 2021 to January 2024
- Product Involved: Municipal debt securities
- Damages Alleged: Not specified yet.
- Status: Pending
In 2/2024 Merrill Lynch “permitted” Hansen to resign after allegations of excessive and unauthorized trading were made by clients.
Other Cases Involving Unauthorized Trading
Discretionary vs. Non-Discretionary Accounts
Allegations of Broker Misconduct Against Donald Hansen
- Excessive and Unauthorized Trading
Both complaints allege that Hansen engaged in frequent trading of municipal bonds and other securities without proper client authorization. These actions raise potential violations of FINRA Rule 2111 (Suitability) and FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade), especially if done to generate commissions rather than serve client needs.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Recover Your Investment Losses Now With Rex Securities Law
See this for our prior investigations of Merrill Lynch brokers.
If you have suffered investment losses in an account handled by Donald L. Hansen Jr., contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.