Last Updated: November 2023 (Hermosa Beach, CA )
Gary Hughes Investigation Summary
Here’s what you need to know about Hermosa Beach, CA, stockbroker Gary Hughes:
- Name: Mr. Gary Thomas Hughes
- Current Employer: Not currently registered with FINRA
- DBA: Hughes Wealth Management Inc.
- Previous Firms: Concorde Asset Mangement
- Function: Stock Broker/ Financial Advisor
- Aliases: Gary Hughes
- Primary Location: Hermosa Beach, CA
- CRD 1700976
- Can Gary Hughes be sued in FINRA arbitration: Yes
- Sanctioned by Securities Regulator: No
- Highest Settlement or Award: $36.125
- Pending Customer Dispute Seeks Damages of $150,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Gary Hughes As Your Stockbroker?
In 2003 the California Department of Insurance revoked Gary Hughes’ insurance sales license as a result of Hughes’ arrest after attempting to sell a proprietary list of names and addresses to an uncover police officer.
In 4/2023 a customer of Concorde Investment Services filed a FINRA arbitration alleging that Gary Hughes made unsuitable recommendations, violated the California Securities Act and committed elder financial abuse. The customer is seekng damages of $150,000 in this currently pending matter.
Allegations of Broker Misconduct Against Gary Hughes
Customers of Gary Hughes have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Failure to perform due diligence.
- Elder Financial Abuse
- Common Law Fraud
- Violation of California Securities Act
- Negligence
- Negligent supervision
- Breach of Fiduciary Duty
Information on Elder Financial Abuse
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Firms Have a Duty to Supervise their Financial Advisors
Recover Your Investment Losses Now With Rex Securities Law
See this for information on our other investigations of Concorde Investment Services brokers
If you have suffered investment losses in an account handled by Gary Hughes, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.