Last Updated: March 2024 (El Paso, Texas)
Travis Hughes Investigation Summary
Here’s what you need to know about El Paso, Texas, stockbroker Travis Hughes:
- Name: Mr. Travis Jerome Hughes
- Current Employer: Cetera Advisors, Cetera Investment Advisers (RIA)
- DBA: Hughes Financial Group
- Previous Firms: Investors Capital Corp., AXA Advisors
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Travis Hughes
- Primary Location: El Paso, Texas
- CRD 1532177
- Can Travis Hughes be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discharged by a prior employer: Yes
- Highest Settlement or Award: $350,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Travis Hughes As Your Stockbroker?
Travis Hughes discloses 11 prior customer disputes, including:
- 2023-$75,000 settlement paid to customer of Investors Capital Corp. alleging overconcentration of unsuitable investments
- 2022-$30,000 settlement to customer of Investors Capital alleging unsuitable recommendations to invest in real estate securities.
- 2007-$289,000 settlement to customer of AXA Advisors customer alleging unsuitable investments in variable life insurance policies.
- 2010- $350,000 settlement to AXA Advisors customer alleging fraud and misrepresentation in connection with life insurance.
Travis Hughes was discharged by AXA Advisors in 2008 for failing to follow compliance policies and procedures while on enhanced supervision.
Allegations of Broker Misconduct Against Travis Hughes
Customers of Travis Hughes have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Overconcentration
- Fraud and misrepresentation
[LEARN MORE]: Investigations involving Over-Concentration
[LEARN MORE]: 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.
[LEARN MORE]: 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
[LEARN MORE]: Our Investigations of other Cetera brokers
If you have suffered investment losses in an account handled by Travis 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.
