DID AUSTIN RICHARD DUTTON JR CAUSE YOU INVESTMENT LOSSES?
Austin Richard Dutton Jr. With American Trust Investment Services, Inc. And Formerly Newbridge Securities Corporation Has 23 Customer Complaints for Alleged Broker Misconduct
Who is Austin R. Dutton Jr with American Trust Investment Services, Inc.?
Austin Dutton (CRD #2739167) who is currently registered with American Trust Investment Services, Inc. and located in Los Angeles, California is a subject of one of our many securities industry sales practice abuse investigations.
Prior to American Trust Investment Services, Inc., Austin Duttonwas associated with Primex, Sandlapper Securities, LLC, and Newbridge Securities Corporation, and 6 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Austin Dutton has had his own regulatory problems with the state of Pennsylvania. In 2017, he entered into a consent agreement and order relating to unsuitable investment recommendations to clients while he was employed at Newbridge Securities Corporation. The settlement with the regulator included a $200,000 fine payable in monthly installments until paid in full.
Newbridge Securities Corporation Broker Misconduct
In his career, Austin Dutton has been the subject of 23 customer complaints that we know about, 4 of those complaints were filed in the last year to recover investment losses. Twenty-one of Austin Dutton’s 23 customer complaints were settled by Austin Dutton’s former employer Newbridge Securities Corporation in favor of investors.
There are currently 2 pending customer complaints filed against Austin Dutton’s former employer Newbridge Securities Corporation for investment losses caused by his alleged misconduct.
Allegations Against Austin Dutton
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- The claimant Alleged that Austin Dutton sold securities without performing adequate due diligence, committed negligence, misrepresented facts, and breached his fiduciary duty connection with the offer and sale of alternative investments.
- The claimant alleges unsuitable investment recommendations misrepresentation and omission of material information in connection with the offer and sale of alternative investments.
- Claimants separately in multiple arbitration complaints alleged that Austin Dutton committed negligence, made misrepresentations, and breached his fiduciary duties in connection with the offer and sale of structured products.
- Multiple claimants and separately filed arbitration proceedings alleged unsuitable investment recommendations, negligence, breach of fiduciary duty in connection with the offer and sale of non-traded REITs.
Austin Dutton Red Flags & Your Rights as An Investor
Of course, Austin Dutton did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags that should put all current and former customers of Austin Dutton at American Trust Investment Services, Inc., Primex and Sandlapper Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether Austin Duttonhas engaged in any stockbroker misconduct that may have caused them investment losses.
The large number of customer complaints at Newbridge Securities Corporation about Austin Dutton also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At American Trust Investment Services, Inc. And Newbridge Securities Corporation
If you have questions about American Trust Investment Services, Inc., Primex, Sandlapper Securities, LLC, Newbridge Securities Corporation, and/or Austin Dutton and the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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