Category Archives: CBG Financial Group

John E. Egan-Newbridge Securities Broker-Subject of Customer Dispute Alleging Unsuitable Investments-Boca Raton, FL

April 2018 -Boca Raton, FL

According to FINRA records, John Eugene Egan ,  a   stockbroker who is currently employed by Newbridge Securities Corp., disclose  a prior regulatory event, a pending customer dispute and two 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 pending FINRA arbitration #18-0882, a customer of Newbridge Securities alleges that Egan made unsuitable investment recommendations, breached his fiduciary duty and that Newbridge failed to properly supervise Egan. Damages are unspecified, to be proven at final hearing.

In one of the prior customer disputes disclosed by Egan, a FINRA arbitration panel awarded a customer compensatory damages of $100,000, punitive damages of $100,000, costs of $32,735 and FLA statutory interest, to resolve their claim related to the recommendation to invest in RMK Funds. FINRA Case #11-0726.

John Egan has been employed by Newbridge Securities since 8/2013.. Prior employments include CBG Financial and FINTEGRA LLC.

If you have losses  in an account handled by John E. Egan or believe that your account has been mishandled contact us for a no charge consultation to discuss your legal options.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Pranav Patel-Former Dawson James Broker-Named in ForceField Energy Suit-Boca Raton, FL

July 2016- Boca Raton, FL

The FINRA records of Pranav V. Patel  (CRD 5391213), a stock broker who formerly was employed by Dawson James Securities , disclose that he was recently named in a customer dispute. In May 2016 Patel was charged with criminal conspiracy to commit wire fraud. Follow this link for more information on that matter. 

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.

According to FINRA records, in June 2016 a civil case was filed naming Pranav Patel and others alleging damages of $62,855 and alleging that Patel sold ForceField Energy, Inc. to 5 individuals in a transaction not authorized by his then employer Dawson James Securities, Inc. Civil action No. 15-civ. 3020 (NRB) Southern District of New York. 

According to FINRA records, Patel  was  previously registered with Dawson James Securities, Columbus Advisory Group, National Securities Corporation, NSM Securities, CBG Financial Group and Gunn Allen Financial. 

If you have questions about an account handled by Pranav V. Patel  contact us to discuss your options and 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Pranav Patel-Former Dawson James Broker-Indicted for Securities Fraud-Boca Raton

UPDATE June 2016Pranav Patel named in civil action seeking damages related to sale of ForceField Energy, Inc. Follow this link for more information. 

May 2016-Boca Raton, FL

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.

According to FINRA records,  Pranav V. Patel discloses:

  • A  pending criminal charge for Conspiracy to Commit Securities Fraud, Securities Fraud, Money Laundering Conspiracy and Conspiracy to Commit Wire Fraud. See this release dated May 3, 2016 from the US Attorney’s office for Eastern District of New York.
  • 1 pending civil event-See this SEC Litigation Release announcing fraud charges against Patel.
  • One prior settled customer complaints. In FINRA Case 11-3722, a customer while Patel was registered with  CBG Finanical Group alleged damages of $450,000 for unsuitable investments, misrepresentations and breach of fiduciary duties. That case was settled for $75,000.

According to FINRA records, Patel  was  previously registered with Dawson James Securities, Columbus Advisory Group, National Securities Corporation, NSM Securities, CBG Financial Group and Gunn Allen Financial. 

If you have questions about an account handled by Pranav V. Patel  contact us to discuss your options and 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

CBG Financial Group Broker Vincenzo Fontana Fined/Suspended by FINRA

Boca Raton, FL-June 2014

FINRA assessed  Vincenzo F. Fontana a deferred fine of $5,000 and suspended him for 30 business days to resolve allegations that he exercised discretionary power in customer accounts by making trades without obtaining the customer’s authorization and in violation of firm policy.

According to FINRA records Vincenzo was most recently registered with CBG Financial Group from 9/2009-8/2012.

Rex Securities Law provides nationwide representation to investors 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.

Rex Securities Law

561 391 1900