Last Updated: January 2024 (Tifton, GA)
Dave Hutchison Investigation Summary
Here’s what you need to know about Phoenix, AZ, stockbroker Dave Hutchison:
- Name: Mr. Dave Keith Hutchison
- Current Employer: Cetera Advisors
- DBA: Hutchison Financial Advisors
- Previous Firms: Walnut Street Securities
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: David Keith Hutchison
- Primary Location: Phoenix, AZ
- CRD 732974
- Can Dave Hutchison be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $800,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Dave Hutchison As Your Stockbroker?
In 9/2023 a customer of Cetera Advisors filed a FINRA arbitration alleging that Dave Hutchison was negligent and breached his fiduciary duty in connection with a recommendation to invest in mutual funds causing losses of $800,000. This matter is currently pending.
Allegations of Broker Misconduct Against Dave Hutchison
Customers of Dave Hutchison have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in mutual fund
- Negligence
- Breach of Fiduciary Duty
- Failure to Supervise
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
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.
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other Cetera brokers
If you have suffered investment losses in an account handled by Dave Hutchison, 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.
