DID JEFFREY ALLAN BROTEN CAUSE YOU INVESTMENT LOSSES?
Jeffrey Broten Formerly With Newbridge Securities Corp., First Standard Financial Company, and National Securities Has 5 Customer Complaints For Alleged Broker Misconduct
Who is Jeffrey Broten formerly with Newbridge Securities Corp.?
Jeffrey Broten (CRD #1006678) who was formerly registered with Newbridge Securities Corp. and located in Morristown, New Jersey is a subject of one of our many securities industry sales practice abuse investigations. Prior to Newbridge Securities Corp., Jeffrey Broten was associated with First Standard Financial Company, National Securities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Jeffrey Broten has had his own problems with the regulators. Last year, he became the subject of a FINRA investigation related to allegations of unsuitable and unauthorized trading while employed at 1st Standard Financial Company. He refused to give any testimony and pursuant to FINRA Rule 8210, Jeffrey Broten was permanently barred from association with any member firm in any capacity.
Jeffrey Broten Customer Complaints
Jeffrey Broten has been the subject of 5 customer complaints that we know about, and one of those complaints was filed in the last year to recover investment losses. One of Jeffrey Broten’s 5 customer complaints resulted in an arbitration award in favor of the investor. Two of Jeffrey Broten’s 5 customer complaints were settled in favor of investors. One of Jeffrey Broten’s customers complaints was denied and the customers did not take any further action. There is currently one pending customer complaint filed against National Securities and First Standard Financial Company for investment losses caused by Jeffrey Broten’s alleged misconduct.
Allegations Against Jeffrey Broten
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Jeffrey Broten’s alleged breach of fiduciary duty, unsuitable, excessive and unauthorized trading of stock, fraud, misrepresentation, negligence, breach of contract, violation of NASD and NYSE rules.
- Customer alleges Jeffrey Broten made unsuitable investments.
- Suitability rule violations allegedly committed by Jeffrey Broten.
- The client alleged that Jeffrey Broten did not consult with her before making trades.
Jeffrey Broten Red Flags & Your Rights As An Investor
Of course, Jeffrey Broten 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 Jeffrey Broten at Newbridge Securities Corp., First Standard Financial Company, and National Securities on alert to review carefully the activity and performance of their accounts and question whether Jeffrey Broten has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Newbridge Securities Corp., First Standard Financial Company, and National Securities 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., First Standard Financial Company And National Securities Due To Jeffrey Broten
If you have questions about Newbridge Securities Corp., First Standard Financial Company, National Securities, and/or Jeffrey Broten 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.