DID PHILIP ANDREW GIBSON CAUSE YOU INVESTMENT LOSSES?
Philip Gibson Formerly With Newbridge Securities Corporation Has 4 Customer Complaints For Alleged Broker Misconduct
About Philip Gibson formerly with Newbridge Securities Corporation?
Philip Gibson (CRD #2905474) has a varied history in the brokerage industry though he is not currently registered. Throughout his career, he has worked with several firms including Newbridge Securities Corporation, Sands Brothers & Co., and Bluestone Capital Corp, among others. His most extensive tenure was at Newbridge Securities Corporation from December 2001 to March 2024. Gibson has passed a total of five industry exams including one Principal/Supervisory Exam and two each of General Industry/Product and Multi-State Securities Law Exams. His registrations have spanned multiple states, reflecting a broad professional scope within the U.S. securities landscape.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Philip Gibson Customer Complaints and Reviews
Philip A. Gibson’s record includes several negative disclosures:
- Total Disclosures: 5 incidents reported
- Regulatory Event (1 incident):
- Date Initiated: November 30, 2017
- Resolution: Entered a Stipulation and Consent with the NY State Department of Financial Services, resulting in a non-fine monetary penalty, pertaining to a late report of a prior regulatory action.
- Customer Disputes (4 incidents):
- Settled Dispute:
- Date Filed: April 28, 2022
- Settlement Amount: $65,000, with Gibson contributing $40,300, related to allegations of negligence and breach of fiduciary duty among other claims, regarding alternative investments.
- Awarded Dispute:
- Date Filed: July 23, 2003
- Disposition: Awarded $10,000 to the claimant for fraud and misrepresentation among other charges.
- Pending Disputes (2 similar incidents):
- Dates Filed: May 23, 2024, and May 28, 2024
- Allegations: Breach of fiduciary duty, breach of contract, and failure to supervise, related to alternative investments. Details of the claimed damages are unspecified.
Allegations Against Philip Gibson
- Regulatory Actions:
- Involved in a formal stipulation due to a late report of a regulatory action, which was not initially disclosed as required by the NY State Department of Financial Services.
- Customer Complaints:
- Settled Dispute: Claims of negligence, breach of fiduciary duty, and other violations related to alternative investments. The settlement was made without an admission of liability.
- Awarded Dispute: Found jointly and severally liable for $10,000 due to fraud, misrepresentation, and breach of fiduciary duty.
- Pending Disputes: Facing ongoing allegations related to breaches of fiduciary duty and contract, and regulatory negligence concerning alternative investment recommendations.
Philip Gibson Red Flags & Your Rights As An Investor
Of course, Philip Gibson did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Philip Gibson at Newbridge Securities Corporation on alert to review carefully the activity and performance of their accounts and question whether Philip Gibson has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Newbridge Securities Corporation also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Newbridge Securities Corporation Due To Philip Gibson
If you have questions about Newbridge Securities Corporation and/or Philip Gibson and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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