The Securities and Exchange Commission (SEC) has issued an enforcement order against Karl Hahn for the $2 million fraud scheme he orchestrated in New Hampshire. Hahn allegedly convinced three customers to buy “high-value life insurance policies” from his neighbor, while failing to disclose to them that $600,000 in commissions went to his father. The order also pointed to a separate wrongdoing which involved a $2.2 million fraud Hahn committed against a local filmmaker. According to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Hahn was registered with Salomon Smith Barney in New York, New York from January 1997 until February 2001, Prudential Securities in New York from February 2001 until July 2003, Wachovia Securities in St. Louis, Missouri from July 2003 until October 2004, Merrill Lynch in Portsmouth, New Hampshire from September 2004 until February 2008, Deutsche Bank in Boston, Massachusetts from February 2008 until June 2009 and Oppenheimer in Portsmouth, New Hampshire from June 2009 until March 2011. He has eight customer disputes against him. He is not licensed within the industry and has been permanently barred. Please call our securities law offices today to speak to an attorney about recovering your losses with Mr. Hahn.
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