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Greg McLeod: $85K Fraud Complaint Against Newbridge Advisor
Fort Lauderdale financial advisor Greg McLeod (CRD# 2741097) allegedly committed fraud, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Newbridge Securities Corporation and Newbridge Financial Services Group, respectively.
Mr. McLeod’s BrokerCheck report discloses one investor complaint. Filed in July 2022, it alleges that as a representative of Newbridge Securities Corporation, he recommended unsuitable alternative investments, breached his fiduciary duty, failed in his supervisory duties, committed fraud, breached contract, and violated FINRA Rule 2210. The pending complaint alleges damages of $85,000.
For reference, FINRA Rule 2210 stipulates that all communications between FINRA members and the public “must be based on principles of fair dealing and good faith, must be fair and balanced, and must provide a sound basis for evaluating the facts in regard to any particular security or type of security, industry, or service.” The rule prohibits FINRA members from omitting material facts that might result in misleading communications, and from making “any false, exaggerated, unwarranted, promissory or misleading statement or claim in any communication.” More information on the rule is available via FINRA.
According to the Financial Industry Regulatory Authority, Greg McLeod holds 26 years of securities industry experience. Based in Fort Lauderdale, Florida, he has been a broker with Newbridge Securities Corporation since 2002 and an investment advisor with Newbridge Financial Services Group since 2006. His past registrations include Preferred Securities Group (Boca Raton, Florida; 1996-2002) and Southern Financial Group (Columbia, South Carolina; 1996-1997). His credentials include the passage of five securities industry qualifying exams: the Registered Options Principal Examination, or Series 4; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He holds 22 state licenses. (Information current as of August 29, 2022.)
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