Don Hancock: SEC Investigates Moloney Securities CEO

Manchester, Missouri financial advisor Don Hancock (CRD# 828811) is under investigation by the Securities and Exchange Commission. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Moloney Securities, where he serves as the firm’s Chief Executive Officer.

Mr. Hancock’s BrokerCheck report discloses the SEC investigation into his conduct. Filed in May 2023, the disclosure states that the investigation concerns “potential rule violations of Regulation Best Interest.” The probe is still in progress.

For reference, the SEC’s “Regulation Best Interest” requires brokers to recommend investments that are in their customers’ best interests. Both broker-dealer firms and their registered representatives are beholden under the regulation to a “Care Obligation” under which they must “have a reasonable basis to believe that each recommendation or series of recommendations made is in the best interest of the particular retail customer and does not place their financial or other interests ahead of the interest of the retail customer.” Brokers and firms that fail to comply with this regulation may be held liable for damages.

According to the Financial Industry Regulatory Authority, Don Hancock holds 46 years of securities industry experience. Based in Manchester, Missouri, he has been a broker and an investment advisor with Moloney Securities since 2010 and 2016, respectively. He is the firm’s Chief Executive Officer. His registration history includes Hancock Securities Group (St. Louis, Missouri; 2000-2010), DR Hancock & Company (Carbondale, Illinois; 1982-2000), AG Edwards & Sons (1978-1982), and R. Rowland & Company (1976-1978). His credentials include the passage of 14 securities industry qualifying exams, including: the General Securities Principal Examination, or Series 24; the Municipal Securities Principal Examination, or Series 53; the Registered Options Principal Examination, or Series 4; the Financial and Operations Principal Examination, or Series 27; the Municipal Securities Representative Examination, or Series 52TO; the Securities Trader Exam, or Series 57TO; and the Uniform Investment Adviser Law Examination, or Series 65. He currently holds 34 state licenses. (Information current as of June 24, 2023.)

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