The Frankowski Firm has filed a FINRA arbitration claim against Hansen & Associates Financial Group, of Sacramento, California, based on Mr. Hansen’s alleged investment advice to his clients (the arbitration claimants) to invest in “IGOT Oil, Co.” an Arizona corporation purporting to conduct oil drilling operations in Oklahoma.
According to the Statement of Claim allegations, Mr. Hansen recommended initial purchases and subsequent investments in IGOT Oil, allegedly assuring the investors that the investment was a guaranteed high-return opportunity and was not speculative, as oil was already being excavated at the drilling sites. In reality, IGOT Oil is currently under investigation by the Arizona Attorney General’s office as a potential Ponzi scheme.
IGOT Oil Co.’s website, which as of this writing has been removed from the internet, listed its CEO as Rob Yanez-Aguayo. Sources have indicated to our firm that this is the same Robert Yanez-Aguayo who was indicted in 2006 on felony drug charges. According to FINRA’s BrokerCheck report for Mark Hansen, Mr. Hansen was terminated in 2010 by his previous employer, MML Investors Services Inc., following an unapproved private transaction. Mr. Hansen has four additional customer complaint disclosures on his record from 2009 – 2012.
If you or someone you know lost money in an investment recommended by Mark Hansen or Hansen & Associates Financial Group as the result of unsuitable or misrepresented investments, including but not limited to an IGOT Oil investment, please call the Frankowski Firm at 888.741.7503 or fill out this contact form.