Investors might have sustained losses due to securities broker Gary Thomas Hughes [CRD: 1700976, Hermosa Beach, California], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Gary Hughes worked for Concorde Investment Services LLC from June 12, 2013, to July 6, 2022. Investors can see below to learn more about the disclosures involving this individual.
Evidently, while registered with Concorde Investment Services LLC, a client filed a FINRA Arbitration No. 23-00659 concerning Gary Hughes. The claim alleged unsuitable recommendations, breach of fiduciary duty, breach of contract, negligence, negligent supervision, violation of California securities laws, and elder abuse tied to a February 2020 investment. The client claimed damages of $150,000 related to direct investments. On March 26, 2024, Concorde Investment Services LLC settled the matter by paying the client $35,000 in damages.
Also, on July 9, 2020, a Concorde Investment Services LLC client filed a complaint about Gary Hughes. Mainly, the client alleged that Hughes recommended an investment that poorly performed following the suspension of distributions. For this reason, the client allegedly incurred damages associated with direct investments. Consequently, the client requested $50,000 in compensation from Concorde Investment Services LLC or Hughes. The complaint was denied on August 13, 2020.
Particularly, a client of Merrill Lynch disputed Hughes’s sales practices, according to a complaint. Allegedly, Hughes made unsuitable recommendations involving the replacement of a variable annuity contract. It appears that Hughes allegedly caused the client to sustain damages linked to variable annuities. Therefore, Merrill Lynch opted to resolve the matter on October 18, 2006, for $36,125 in damages.
Do you have concerns or questions regarding investments you made with Gary Hughes? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm works on a contingency fee basis and advances all costs. Hughes and brokerage firms Hughes worked for deny allegations of sales practice violations.
Investors have reportedly disputed the sales practices of securities broker Ricardo Nkrumah Rose (also known as Richard Rose) [CRD: 4225756, Brooklyn, New York], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Ricardo Rose worked for Arive Capital Markets from October 27, 2015, to April 23, 2024. Investors should keep reading to […]
Investors potentially incurred losses because of securities broker David Omori Bibo (also known as Dave Bibo) [CRD: 2602436, San Jose, California], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. David Bibo worked for Western International Securities Inc. from May 22, 1997, to July 1, 2022. Investors should keep reading to find out […]
Investors potentially experienced sales practice violations by securities broker Jason Bryce Vanclef [CRD: 5096529, Los Angeles, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Jason Vanclef worked for Westpark Capital Inc. from October 9, 2017, to January 27, 2020, and later associated with Delta Investment Management LLC from November 26, 2018, to […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com