Andrew Hutcheson Suspended Following Outside Business Allegations
Andrew Hutcheson (CRD #: 2539627) has been suspended by FINRA. The investor is currently registered with WedBush Securities. This disclosure appears on his BrokerCheck record, accessed on October 11, 2024. Keep reading if you have questions regarding his alleged conduct.
Regulatory Action
On August 21, 2024, Andrew Hutcheson consented to the findings that he engaged in an outside business activity without providing written notice to her firm. He allegedly signed an independent contractor agreement with an outside employer and three of his investors from his firm invested in the outside company.
Andrew Hutcheson consented to a fine of $5,000 and a 30-day suspension. You can read a copy of the Acceptance, Waiver, and Consent agreement here.
Outside Business
FINRA Rule 3270 requires brokers to inform their firm of any outside business activities or any investments sold away from the firm. The brokerage firm may prohibit the activity if the firm believes the proposed activity may compromise the broker’s duties. Firms may also require brokers to seek approval of any outside business.
Background Information
Andrew Hutcheson has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- Series 99TO Operations Professional Examination
- SIE – Securities Industry Essentials Examination
- Series 3 National Commodity Futures Examination
- Series 7 General Securities Representative Examination
- Series 6 Investment Company Products/ Variable Contracts Representative Examination
- Series 10 General Securities Sales Supervisor – General Module Examination
- Series 9 General Securities Sales Supervisor – Options Module Examination
He has registered with six firms:
- Wedbush Securities (CRD #: 877)
- Onward Advisors (CRD #: 316214)
- Raymond James & Associates (CRD #: 705)
- UBS Financial Services (CRD #: 8174)
- Edward Jones (CRD #: 250)
- Pruco Securities Corporation (CRD #: 5685)
Kurta Law Can Help
If you worked with Andrew Hutcheson and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.