Daniel Hee Review 2024
History Of Daniel Hee
Daniel Hee first became registered with FINRA as a General Securities Representative in March
2014, through an association with UBS Financial Services Inc. In January 2016, Daniel Hee
became registered as a General Securities Representative through an association with
another FINRA member firm (New Firm), where he remained until March 2019. Since
that time, Daniel Hee has not been registered through an association with a FINRA member.
Daniel Hee, however, remains subject to FINRA’s jurisdiction under Article V, Section 4(a) of
FINRA’s By-Laws. Daniel Hee does not have any relevant disciplinary history.
Daniel Hee Report
Regulation S-P generally prohibits financial institutions from disclosing NPI about a
customer unless the customer receives proper notice and the opportunity to opt-out.
Information is considered to be NPI if it contains personally identifiable financial
information about one or more consumers, including
(1) information about a consumer provides to a broker-dealer to obtain a financial product or service;
(2) information about a consumer resulting from any transaction involving a financial product or service between a broker-dealer and a consumer; or (3) information a broker-dealer otherwise obtains about a consumer in connection with providing a financial product or service to that consumer. NPI includes, among other things, names, addresses, telephone numbers, social security numbers, and birth dates that are derived in whole or in part from information provided to a financial institution by a customer.
A registered person who discloses a customer’s NPI, and causes his or her member firm
to violate Regulation S-P violates FINRA Rule 2010, which requires registered persons
to observe high standards of commercial honor and just and equitable principles of trade.
Between November 2015 and January 2016, while he was still registered through an
association with UBS, and in anticipation of moving to a new firm, Daniel Hee printed an account
documents for approximately 100 customers and hand-delivered them to a representative
he planned to work with at the New Firm.
The documents he delivered included NPI, such as social security numbers, birth dates, and account numbers, which were information provided to UBS by those customers. Hee improperly removed the
customers’ documents containing NPI and gave them to a representative at the New Firm
without UBS’s or the customers’ knowledge or consent.
The documents Hee removed were never uploaded to the New Firm’s system and were not used to recruit any customers away from UBS. By virtue of the foregoing, Hee caused UBS to violate Regulation S-P, and in so doing, violated FINRA Rule 2010.
Can you show pot a broker who is trying to deceive you?
A broker’s credentials, registration, and job history can be reviewed using BrokerCheck, a free online tool FINRA provides. Disputes with clients, disciplinary actions, and specific financial and criminal matters on the broker’s record are all covered in the disclosure portion of BrokerCheck.
Penalties, Punishments & Sanctions
■ A suspension from association with any FINRA member firm in any and all
capacities for a period of ten business days; and
■ A $5,000 fine.
The fine shall be due and payable either immediately upon reassociation with a member
firm or prior to any application or request for relief from any statutory disqualification
resulting from this or any other event or proceeding, whichever is earlier.
Respondent specifically and voluntarily waives any right to claim an inability to pay, now
or at any time hereafter, the monetary sanction imposed in this matter.
Respondent understands that if he is barred or suspended from associating with any
FINRA member, he becomes subject to a statutory disqualification as that term is defined
in Article III, Section 4 of FINRA’s By-Laws, incorporating Section 3(a)(39) of the
Securities Exchange Act of 1934. Accordingly, he may not be associated with any
FINRA member in any capacity, including clerical or ministerial functions, during the
period of the bar or suspension. See FINRA Rules 8310 and 8311.
The sanctions imposed in this AWC shall be effective on a date set by FINRA.
Daniel Hee Review
Between November 2015 and January 2016, Hee took customers’ nonpublic personal
information (NPI) from UBS and gave it to a representative he planned to work with at
the New Firm, without UBS’s or the customers’ knowledge or consent. As a result, Hee
caused UBS to violate the SEC’s Regulation S-P: Privacy of Consumer Financial
Information and Safeguarding Personal Information (Regulation S-P) and, in so doing,
Hee violated FINRA Rule 2010.
How To Spot A Fraud Finance Advisor (Infographic)
Help For Victims Of Daniel Hee
If you have lost funds because of misrepresentation, unsuitable investment, or unsuitable investment strategy from Daniel Hee. Then you can take legal action and get justice. Fraud, Malpractice & dereliction of duty should not be taken lightly, especially in this industry. We highly suggest that you notify authorities or seek legal action if your financial advisor or brokerage firm fails to abide by FINRA’s rules are regulations.
Financial advisors are regulatory & legally obligated to suggest (recommend) the most suitable investments/investment strategies to their clients. Their suggestions should have their client’s best interests and should be appropriate for their client’s goals and needs. Similarly, the brokerage firm which hires financial advisors also has a regulatory & legal obligation to keep a close watch and supervise their Financial Advisors’ practices & behavior. They need to make sure that the financial advisor is not being manipulative or having an unreasonable bias towards certain investments. If the financial advisor and/or the brokerage firm breaches these duties, then the client/customer may be entitled to a full or partial recovery of their losses.
Financial advisors need to have the interest of their clients when giving suggestions related to investments and investment strategies. Reasonable basis suitability requires the advisor to do their best to analyze & identify the risks and rewards associated with their suggested investment and/or investment strategy.
Dr. Henrique Duck, PhD in Media Studies and Critical Theory, specializes in writing detailed critics stories and reviews. He has contributed to prominent newspapers and websites, providing insightful analysis of media content and its effects on society.
