Jeffrey L. Eglow/ Newbridge Securities Investigation
August 2022- Boca Raton, FL
According to publicly available records, Newbridge Securities Corporation financial advisor Jeffrey Eglow, discloses 2 pending and 4 prior customer disputes.
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.
In 5/2022 two customers of Newbridge Securities filed separate FINRA cases seeking damages of $125,000 and $250,000, respectively, alleging unsuitable investment recommendations, negligence and violations of state securities laws in connection with the purchase of alternative investments. These matters are currently pending.
The prior customer disputes include:
In 6/2017 a customer of Eglow’s prior employer, SunTrust Investment Services, was paid $48,758 to resolve allegations that Eglow overcharged commissions.
In 3/2017, a customer of SunTrust Investment Services and Wells Fargo was paid $115,000 to resolve allegations that Eglow over concentrated the customer’s account with UITs and energy securities and holding leveraged positions in ETFs, resulting in unrealized losses. FINRA Case 16-1962.
Eglow discloses that he received a discharge from Chapter 7 bankruptcy in in the Southern District of Florida Bankruptcy Court in 6/2020.
Eglow has been employed by Newbridge Securities since 8/2017. He was with SunTrust Investments 3/2015-12/2016.
If you have losses in an account handled by Jeffrey Eglow, call to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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