Investigation of Former New York Broker Herbert H. Hafen

Former Morgan Stanley Financial Advisor Herbert Hafen is Being Investigated for Misappropriation of Client Funds

The Sonn Law Group is currently investigating claims against former Morgan Stanley securities representative Herbert Hafen. Mr. Hafen has been accused of misappropriating investor funds. If you lost money working with this broker, we are here to help. Contact us today at 866–827–3202 for a free, confidential consultation.


Herbert H. Hafen (CRD#: 867068) is a previously registered broker and investment advisor. Most recently, Mr. Hafen was an associate of Wells Fargo Clearing Services in New York City (2018). Prior to that, he was a representative for Morgan Stanley, where he was also based in New York City (2009 to 2018).

In August of 2018, Herbert Hafen was terminated by Wells Fargo following allegations that he misappropriated customer funds between 2011 and 2018, while serving as a representative for Morgan Stanley. Notably, he has since been barred by FINRA for failing to cooperate with an official investigation into these allegations.

Barred Broker: Former Morgan Stanley Representative Herbert H. Hafen

In September of 2018, an investor filed a complaint against Herbert Hafen. The former Morgan Stanley customer alleged that this broker misappropriated his money. Eventually, the claim was settled for $430,000 in financial compensation. Soon after, FINRA launched its own inquiry into the allegations against Herbert Hafen. However, in violation of securities industry rules, Mr. Hafen failed to respond to multiple requests for information. As a result of this misconduct, he has been indefinitely barred from the industry.

Jeffrey R. Sonn is top-rated securities fraud attorney. If you or your loved one sustained substantial investment losses working with Herbert Hafen or any other financial advisor, please do not hesitate to contact our law firm for immediate assistance.