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  • Report:  #826962

Complaint Review: David Walter Hinson CFP CPA CLU

David Walter Hinson CFP CPA CLU Legacy Financial Services Inc. Legacy Insurance Services Inc. David W. Hinson Certified Public Accountant. Fraud, unethical sales practices, forgery, misrepresentation, tax fraud, perjury. Internet, Oregon

  • Reported By:
    Brian M. Lynch — Vida Oregon United States of America
  • Submitted:
    Mon, January 23, 2012
  • Updated:
    Mon, January 23, 2012

I was the personal assistant for David Walter Hinson for more then two years and learned of his erratic and tyrannical behavior directed towards everyone in his life, E.G. clients, employees, family members. etc.  David W. Hinson, practices draconian leadership style, demanding blind obiediance by employees of his firms, he rules with intimidation, hissy fits and abusive tactics, this flys directly in the face of existing securities laws and acceptable sales practices. Mr. Hinson is a "professional Bully' and an "academic snob", that speaks with the soft, harmonious voice of a professional witness and with deceptive, short, calculated, incomplete answers, that omit material facts. During my employment with Mr. Hinson, myself and his other assistants were directed to ammend critical financial documents after they were signed by clients on a massive scale. I allege that these are serious acts of forgery, as these forms disclosed high annual fees that were not disclosed to clients. Mr. Hinson demanded that SEC rules concerning "rights of accumulation" on the purchase of mutual fund shares be ignored placing elderly clients in Mutual Funds without regard to existing assets, causing inflated commissions paid directly to David Walter Hinson.

When I quit, Mr. Hinson quickly misrepresented the facts to all his clients and directed his staff to do the same or be terminated. David Walter Hinson has since filed multiple lawsuit,s making wild claims against me for trying to correct the misrepresentations and for filing FINRA required regulatory complaints against him. David Walter Hinson also has sued the former manager of his insurance business when he would not comply with Mr. Hinson's unlawful wishes, like myself Mr. Hinson persued him with frivolus litagation, a high dollar trial attorney and an unlimited budget vowing to "make sure he never works in this town again".

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