FINRA Private Placement and Variable Annuity Fraud Attorney, Russell L. Forkey, Esq.

August, 2011:

Richard Arnold Hansen (CRD #236308, Registered Principal, Villanova, Pennsylvania) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Hansen consented to the described sanction and to the entry of findings that after receiving material non-public information concerning two companies, and knowing that the information had been misappropriated, he used the information in deciding to purchase and sell securities of those companies in accounts he controlled, thereby deriving illegal profits. (FINRA Case #2010024226001).