David Hutchinson Allegedly Misrepresented Tax Implications of Investment Portfolio
David Hutchinson (CRD #: 2918290), a broker registered with Equitable Advisors, was the subject of a recent investor dispute, according to his BrokerCheck record, accessed on September 25, 2022. Keep reading to learn more about his conduct as a broker.
Investor Dispute
On August 8, 2022, an investor alleged that David Hutchinson misrepresented the tax implications of an investment portfolio. This dispute was denied by the firm.
However, investors should be aware that firms don’t need to permit an outside review before denying a dispute, and investors can still seek out FINRA arbitration after a denial.
FINRA Rule 2020
FINRA Rule 2020 bans the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. Misrepresenting an investment’s limitations, requirements, or other features violates this rule.
FINRA Rule 2010
Violations of FINRA Rule 2020 are automatic violations of FINRA Rule 2010. FINRA Rule 2010 requires brokers to uphold high standards of commercial honor and just and equitable principles of trade.
Background Information
David Hutchinson has passed the following exams:
- Series 65 – Uniform Investment Adviser Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
- Series 53 – Municipal Securities Principal Examination
- Series 24 – General Securities Principal Examination
David Hutchinson is a registered broker and a registered investment adviser in California and Washington.
He has also worked for The Equitable Life Assurance Society of the United States (CRD#:4039).
Kurta Law Can Help
If you worked with David Hutchinson and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.