Have you suffered losses investing with Austin Dutton and Newbridge Securities in Doylestown, PA? The securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration claims against the firm.
According to Austin Dutton’s FINRA BrokerCheck report, he was fined $200,000 in July 2017 for allegations of “dishonest or unethical practices in the securities business,” by the Pennsylvania Department of Banking and Securities.
Newbridge Securities, Dutton’s employer at the time, was also reportedly fined $499,000 by the Pennsylvania state regulator for allegedly failing to supervise a broker in connection with sales of structured products to his clients in the state.
Dutton was registered with Newbridge Securities Corp. in Doylestown, PA from 2007 through August 2017, according to his Broker Check report. He has 14 pending customer disputes listed on his broker report since November 2017 for allegations of unsuitability, negligence and misrepresentation, among others.
Investigating Potential Claims
The White Law Group continues its investigation regarding former financial advisor Austin Dutton and the liability that Newbridge Securities may have for failure to supervise him.
Brokerage firms are required to properly supervise their advisors. They must ensure that those advisors are complying with applicable FINRA rules and regulations. If it can be demonstrated that Austin Dutton’s former employers failed to properly supervise him, the firm may be held responsible for the losses in a FINRA arbitration claim.
If you have suffered losses investing with Austin Dutton and would like a free consultation to discuss your litigation options, please call the securities attorneys at The White Law Group at 1-888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.