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Edmund Hughes Allegedly Omitted Information Regarding Tax Consequences

Edmund Hughes (CRD #: 4906249), a broker registered with PNC Investments, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on May 29, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On March 8, 2024, an investor alleged that Edmund Hughes did not inform her of the tax consequences of a recommended transaction. The dispute was settled for $210,000. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts, such as tax consequences, violates this rule.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Omissions of material facts also violate this rule. 

Background Information 

Edmund Hughes has passed the following exams:

  • Series 66 – Uniform Combined State 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 

He is a registered broker in six states and is a registered investment adviser in North Carolina. 

During his 18 years of experience, Edmund Hughes has registered with two firms: PNC Investments (CRD #: 129052) and Wells Fargo (CRD #: 19616). 

Kurta Law Can Help 

If you have worked with Edmund Hughes 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.

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