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Dean Nowak of Newbridge Securities Corp. And Formerly With Taylor Capital Management Has 6 Customer Complaints For Alleged Broker Misconduct

Who is Dean Nowak of Newbridge Securities Corp.?

Dean Nowak (CRD #1091819) who is currently registered with Newbridge Securities Corp. and located in Winter Park, Florida is a subject of one of our many securities industry sales practice abuse investigations. Prior to Newbridge Securities Corp., Dean Nowak was associated with Taylor Capital Management and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Dean Nowak Customer Complaints

Dean Nowak has been the subject of 6 customer complaints that we know about, with one of those complaints filed in the last year to recover investment losses. One of Dean Nowak’s 6 customer complaints was settled in favor of investors. There is currently one pending customer complaint filed against Dean Nowak’s former employer Taylor Capital Management for investment losses caused by the alleged misconduct. Two of Dean Nowak’s customers’ complaints were denied and the customers did not take any further action.

Allegations Against Dean Nowak

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Dean Nowak allegedly committed breach of fiduciary duty, misrepresentation, unsuitability, fraud.
  • Customer attended a seminar held by Dean Nowak and moved her managed account to him. Customer’s alleges that Nowak stripped away the managers of her funds and provided no other means to manage the funds because he would not her or take her calls. The customer further alleges that Nowak recommended that she sell her Nationwide VA and purchase a Security Benefit Life Indexed Annuity and in doing so made numerous false statements and omissions.
  • Customers allege that Dean Nowak made misrepresentations and omissions regarding the features and risks of a fixed annuity and a real estate investment trust, including restrictions on liquidity and the applicable time horizon, and that those products were not suitable for the customers.
  • Dean Nowak allegedly committed misrepresentation & fraud.
  • Customer wrote a letter of complaint to Security Benefit Life Company, 200 SW 6th Avenue, Topeka, KS 66603 which alleged that registered representative, Dean Nowak lied to her, cheated her and misled her. RR Nowak denied all of the customer’s allegations. Counsel for Security Benefit Life Insurance Company responded to customer and denied her claim to cancel her policy and refund her money based upon the review of Dean Nowak’s response to customer’s allegations and supporting documentation. Based upon this letter, Taylor Capital Management, Inc. (TCM Securities, Inc.) considers customer’s complaint closed.
  • Dean Nowak allegedly made the complainant invest $66,666. 67 in a NorthStar Healthcare Income Real Estate Investment Trust.

Dean Nowak Red Flags & Your Rights As An Investor

Of course, Dean Nowak 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 which should put all current and former customers of Dean Nowak at Newbridge Securities Corp. and Taylor Capital Management on alert to review carefully the activity and performance of their accounts and question whether Dean Nowak has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Newbridge Securities Corp. and Taylor Capital Management also raises questions about the brokerage firms’ 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 Newbridge Securities Corp. and Taylor Capital Management Due To Dean Nowak

If you have questions about Newbridge Securities Corp., Taylor Capital Management, and/or Dean Nowak 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $160 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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