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FTN Financial Securities Broker Hugh Boone: Complaint

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Tennessee-based FTN Financial Securities broker Hugh Boone (CRD# 1213605).

Hugh Boone has spent 21 years in the securities industry and has been registered with the Memphis, Tennessee office of FTN Financial Securities, a subsidiary of the First Tennessee Bank, since 1999. Previous registrations include First Funds (1990-1991); Cornerstone Securities (1989-1990); Union Planters Investment Bankers Group (1988-1989); and UMIC, Incorporated (1985-1988). He is a registered broker and investment adviser in seventeen US states and territories.

shutterstock_216799618According to his BrokerCheck report, Hugh Boone is the subject of one customer complaint.

In 2012 a customer alleged Hugh Boone, while employed at FTN Financial Securities, recommended unsuitable investments, misrepresented and omitted material facts, breached his fiduciary duty, committed common law fraud, breached contract, and breached implied contract. The complaint resulted in an award to the customer of more than $11,571,500.

According to FINRA rules and federal securities laws, financial professionals like Hugh Boone are beholden to a fiduciary duty that requires them to act only in the best interests of their clients. For instance, they may only recommend suitable investments that consider the client’s investment goals, net worth, investment experience, and risk tolerance. They are not permitted to misrepresent or omit material facts related to an investment, as misrepresentations or omissions might lead a client to invest unsuitably. Brokers and firms who violate applicable rules and regulations may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.

If you or someone you know has a complaint regarding Hugh Boone, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: you will only pay us if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.