Last Updated: November 2023 (Margate, Florida)
John Egan Investigation Summary
Here’s what you need to know about Margate, FL, stockbroker John E. Egan:
- Name: Mr. John Eugene Egan
- Current Employer: Revere Securities LLC
- Previous Firms: Newbridge Securities, CBG Financial, Fintegra LLC
- Function: Stock Broker/ Financial Advisor
- Aliases: John Egan
- Primary Location: Margate, FL
- CRD 818750
- Can John Egan be sued in FINRA arbitration: Yes
- Sanctioned by FINRA (NASD): Yes
- Highest Settlement or Award: $253,885
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With John Egan As Your Stockbroker?
In 2012 a FINRA arbitration panel awarded a customer of Morgan Keegan $285,885. The customer alleged that John Egan breached his fiduciary duty, was negligent and committed fraud in connection with an investment in a mutual fund.
In 2022 a customer of Newbridge Securities was paid $20,000 to resolve a FINRA arbitration alleging that John Egan was negligent and breached his fiduciary duty in connection with a recommendation to invest in alternative investments.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Allegations of Broker Misconduct Against John Egan
Customers of John Egan & his employing firms have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Breach of Fiduciary Duty
- Negligence
- Failure to Supervise
- Unauthorized Trading (Churning)
Firms Have a Duty to Supervise their Financial Advisors
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
See this for information on our other investigations of Newbridge Securities brokers
If you have suffered investment losses in an account handled by John Egan, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
