There are options for clients of former Concorde Investment Services, LLC broker Gary Hughes (CRD# 1700976) who lost money due to unsuitable investment recommendations. He was registered with Concorde Investment Services, LLC in Hermosa Beach, California, from 2013 to 2022.
In July 1997, he was brought up against the following charges: count 1 steal water (dismissed) and count 2 embezzlement misdemeanor (convicted). He was sentenced to three years of probation and a $648 fine.
In April 2002, the California Department of Insurance revoked his license related to allegations of a criminal misdemeanor.
Gary Hughes Customer Complaints
He has been the subject of four customer complaints between 2006 and 2023, two of which were denied, according to his CRD report. The most recent complaint was regarding:
April 2023. “Claim alleges 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.” The customer is seeking $150,000 in damages, and the case is currently pending. The complaint was regarding direct investments, and it took place while he was registered with
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Concorde Investment Services, LLC may be liable for investment or other losses suffered by Gary Hughes’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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