David Lee Hutchinson, of Bellevue, Washington, a stockbroker registered with Equitable Advisors LLC, was the subject of a customer initiated investment related complaint filed on August 8, 2022, in which the customer requested damages based upon allegations that Hutchinson made misrepresentations of material fact in connection with the sale of mutual funds when Hutchinson was associated with Equitable Advisors LLC. The securities broker dealer denied this complaint.
This is not the first time that Hutchinson has been referenced in a customer initiated investment related dispute concerning Hutchinson’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Hutchinson was also referenced in a customer initiated investment related complaint that was settled on October 26, 2005, for compensation based upon allegations that Hutchinson made unsuitable recommendations and made omissions of material fact in connection with the sale of mutual funds and variable annuities during the time that Hutchinson was associated with AXA Advisors Inc. The complaint also alleges that the customer was led to believe that they would be purchasing a fixed annuity instead of a variable annuity.
Hutchinson has been associated with Equitable Advisors LLC as a stockbroker since July 29, 1997, and as an investment advisor representative since March 10, 2004.
