Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Former RBC Broker Patrick Hudson Suspended for Broker Misconduct

Patrick Michael Hudson, a broker formerly with RBC Capital Markets LLC before he was discharged in 2015, has been suspended for borrowing money from several clients and entering into promissory notes with firm customers without the financial firm’s knowledge.

RBC Capital Markets of Baltimore employed Hudson (CRD# 2082798) from 2002 until 2015. The firm discharged the financial advisor after discovering broker misconduct. Hudson reportedly sold $490,000 in promissory notes, a type of security transaction, without the firm’s knowledge and in direct violation of their policies and industry standards.

Hudson was suspended by FINRA in August 2017 for six months and has also agreed to pay civil and administration fines of $10,000.

What is Broker Misconduct?

Investors should be able to trust their brokers, but there are ever increasing ways a broker can break legal and ethical investing rules. This includes securities fraud, misrepresenting or failing to disclose facts, excessive trading to generate commission fees, unauthorized trading, and failing to follow client instructions.

All investors need to be on the lookout for warning signs that they may become victims of broker misconduct. If an investor knows the warning signs of fraud and can verify the information they receive from their broker, they can protect themselves from crippling financial losses.

If you are concerned that you have been the victim of broker misconduct, call the experienced attorneys at Meyer Wilson today.

Related Posts:

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram