Advisor Alert: Our Attorneys Are Investigating Gary Thomas Hughes For Investment Fraud
Did You Lose Money Because of Gary Hughes?
Filed: March 11, 2024
Gary Hughes currently has one (1) pending customer complaint. Overall, he has been the subject of four (4) customer complaints, one (1) regulatory event, and one (1) criminal event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Gary Thomas Hughes.
Who Is Gary Thomas Hughes?
- Advisor Name: Gary Thomas Hughes
- Aliases: Gary Hughes
- CRD: 1700976
- Location: Hermosa Beach, California
- Current Employer: Currently Not Registered
- Previous Firms: Concorde Investment Services, LLC, Arque Capital, Ltd., and Questar Capital Corporation
- Number of Known Customer Complaints: 4
- Number of Known Regulatory Events: 1
- Number of Known Criminal Events: 1
- Can Gary Hughes Be Sued: Yes, in Private Arbitration
- Can Gary Hughes’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $150,000
- Highest Settlement: $36,125
If you have suffered investment losses by Gary Hughes, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Gary Hughes For Broker Misconduct
As of this publication date, Gary Hughes has been the subject of 4 customer disputes, 1 regulatory event, and 1 criminal event. Let’s review them below.
In April 2023, a FINRA arbitration was filed against or in reference to Gary Hughes by a customer of Concorde Investment Services, LLC alleging unsuitable recommendations, common law fraud, breach of contract, negligent supervision, breach of fiduciary duty, negligence, violation of California Securities Act, and elder abuse in relation to investment made in February of 2020. Per the customer, he/she lost over $150,000 because of Mr. Hughes’s actions. As of this publication date, this claim remains pending.
In July 2020, a complaint was filed against or in reference to Gary Hughes by a customer of Concorde Investment Services, LLC alleging dissatisfaction with the product suspension of distributions in 2020, and is requesting a full refund from the product sponsor due to performance. Per the customer, he/she lost over $50,000 because of Mr. Hughes’s actions.
In December 2013, a complaint was filed against or in reference to Gary Hughes by a customer of Questar Capital Corporation alleging lack of due diligence and poor performance in $105,000 investment in patriot minerals on 1/5/09. Per the customer, he/she lost over $105,000 because of Mr. Hughes’s actions.
In September 2006, a complaint was filed against or in reference to Gary Hughes by a customer of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging that the replacement of variable annuity contract was unsuitable. Per the customer, he/she lost over $36,125.07 because of Mr. Hughes’s actions. On October 18, 2006, Mr. Hughes settled the claim for $36,125, and some or all of this amount may have been paid by Mr. Hughes’s employer and/or insurance carrier.
In April 2002, California Department of Insurance initiated a regulatory action against or in reference to Gary Hughes for misdemeanor.
In July 1997, misdemeanor charges were pressed against Gary Hughes in the Municipal Court of Inglewood/East Regent Inglewood, CA. Los Angeles County – California for 1 count of stealing water and 2 counts of embezzlement MISD.
How To File A Claim Against Gary Hughes (previously with Concorde Investment Services, LLC, Arque Capital, Ltd., and Questar Capital Corporation) To Get Your Money Back
If you have questions about Gary Hughes, Concorde Investment Services, LLC, Arque Capital, Ltd., Questar Capital Corporation, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.