What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: August 2, 2016

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Cyrus Lamont Hancock was accused of converting two checks totaling $11,000 from two customers in violation of securities laws. According to the AWC, in April 2014, a customer wrote Hancock a $5,500 check and gave it to him to purchase mutual funds in an IRA account held directly with a mutual fund sponsor. In August 2014, another customer wrote a $5,500 check and gave it to Hancock in order to be made payable to a 2013 IRA contribution. Hancock then deposited the checks into his personal account and used the funds to pay his own personal expenses. For this he was barred from the industry by FINRA.

Hancock was registered with Waddell & Reed, Equity Services, Investors Capital Corp in Atlanta, Georgia from October 2006 until March 2007, JW Cole Financial Inc., Dempsey Lord Smith, Investors Capital Corp in Atlanta, Georgia from January 2013 until May 2015 and Ele Wealth Advisors. He has one criminal final disposition against him, is not licensed and has been barred from the industry. If you lost money with Cyrus Hancock, and would like to find out how to sue Investor Capital Corp, please call our securities law firm in Chicago to speak to an attorney. The call is free.

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