RBC Capital Markets financial advisor Cash Freeman (CRD# 6374508) recently received an investor complaint alleging that his conduct resulted in...Read More
Betsy Whipple: $500k-$1 Million Complaint Against Newbridge Advisor
A recent investor complaint against Hiko, Nevada financial advisor Betsy Whipple (CRD# 2703262) alleges that her investment recommendations resulted in damages of up to one million dollars. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor with Newbridge Securities Corporation. She is also the owner of BL Whipple Wealth Management.
Ms. Whipple’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in July 2022, alleges that as a representative of Newbridge Securities, she breached contract, made misrepresentations and omissions of material information, breached her fiduciary duty, and failed in her supervisory duties in connection to alternative investments. The pending complaint alleges damages between $500,000 and $1 million.
An earlier investor complaint, filed in 2001, alleged that as a representative of Bear Stearns, she recommended unsuitable investments, omitted the risks involved with certain transactions, breached contract, breached her fiduciary duty, engaged in negligence, and committed state and federal securities fraud. The complaint evolved into an arbitration proceeding before an NYSE panel, which issued an award to the customer of $10,000.
According to the Financial Industry Regulatory Authority, Betsy Whipple holds 26 years of securities industry experience. Based in Hiko, Nevada, she has been a broker and an investment advisor with Newbridge Securities Corporation and Newbridge Financial Services Group, respectively, since 2018. Her past registrations include MS Howells & Company, MSH Capital Advisors, Greenleaf Financial Network, Private Client Services, Merrill Lynch, Morgan Stanley Smith Barney, Morgan Stanley & Company, Morgan Stanley, Morgan Stanley DW, Bear Stearns & Company, and Painewebber. Her credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. She is licensed in Alabama, Arizona, California, Colorado, Florida, Idaho, Massachusetts, Michigan, Nevada, New York, Oregon, Pennsylvania, Tennessee, Texas, Utah, and Washington. (Information current as of September 1, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.