Austin Dutton & Newbridge – Investors may have claims

Austin DuttonSecurities Fraud Investigation – Austin Dutton – Newbridge

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.

 

 

 

 

Rusty Tweed Reportedly Charged with Fraud by the SEC

Robert "Rusty" TweedRusty Tweed Securities Fraud Investigation

The Securities and Exchange Commission has reportedly charged Rusty Tweed and his company, Tweed Investment Services Inc., with fraud. Allegations include issuing false and misleading account statements that reportedly inflated investment profitability.

According to the complaint, the SEC alleges Tweed, and Tweed Investment Services raised $1.7 million from 24 investors for a fund he managed, the Athenian Fund. The SEC says Tweed allegedly invested the money in two other investments that lost close to $800,000.

The White Law Group is investigating the liability that Tweed’s employer may have for failure to properly supervise him.

Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules. If it can be determined that Tweed violated FINRA rules and his employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.

Recovery of Investment Losses

This information, which is publicly available, has been provided by The White Law Group.

If you have concerns about investments you made with Rusty Tweed or Tweed Investment Services, The White Law Group may be able to help you.  For a free consultation with a securities attorney, please call the securities attorneys of The White Law Group at 1-888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm. The firm has offices in Chicago, Illinois and Vero Beach, Florida. For more information, please visit www.whitesecuritieslaw.com.