Update For Investors: Patrick Hudson Terminated From RBC Capital Markets

AdobeStock_49363801-1-300x200Stoltmann Law Offices continues to investigate Patrick Hudson, a former RBC Capital Markets broker based out of Maryland. In July 2017, the Financial Industry Regulatory Authority (FINRA) sanctioned him following allegations that he “participated in private securities transactions, in the form of promissory notes, without providing proper written notice to RBC and participated in multiple outside businesses without providing prior written notice to RBC in violation of FINRA and NASD rules. Mr. Hudson was actively engaged in an outside real estate business in and around Baltimore, Maryland. With various business partners, Hudson invested in real estate projects, including investments in single-family homes, apartment complexes and other properties, for the purpose of receiving capital gains or rental income. Some of his business partners and real estate investors later became his customers at RBC.” He was terminated from his position at RBC following allegations he “borrowed money from several clients and made investments in multiple outside business without firm knowledge or approval and did not follow the firm’s procedure regarding verification of deposits, nor did he obtain supervisory approval and retain copies of such forms of correspondence.”
According to his online BrokerCheck report with FINRA, Hudson was registered with First Union Capital Markets in Charlotte, North Carolina from September 1990 until June 1999, Tucker Anthony Inc. in Boston, Massachusetts from June 1999 until March 2002 and RBC Capital Markets in Baltimore, Maryland from March 2002 until July 2015. He is currently not registered within the industry. If you or someone you know suffered losses with Mr. Hudson, you may be entitled to recover them in the FINRA arbitration forum on a contingency fee basis. Please call us today at 312-332-4200 to find out how. Attorneys are standing by and the call is free with no obligation.

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