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Boca Raton Advisor John Egan Receives Multiple Complaints
Newbridge Financial Securities financial advisor John Egan (CRD# 818750) is the recipient of multiple investor complaints alleging his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Boca Raton, California.
Mr. Egan’s BrokerCheck report discloses four investor complaints. The most recent, filed in 2021, alleged that he breached his fiduciary duty, breached contract, and engaged in negligence while a representative of Newbridge Securities Corporation. In April 2022 the complaint reached a settlement of $20,000.
A second investor complaint, filed in 2018, alleged that he recommended unsuitable investments, breached his fiduciary duty, and acted negligently. In 2019 the complaint reached a settlement of $6,500.
A third investor complaint, filed in 2011, alleged he recommended unsuitable mutual fund purchases while at Morgan Keegan & Company. The complaint evolved into an arbitration proceeding before a FINRA panel, which issued an award to the customer of $253,885.
A fourth investor complaint, filed in 1998, alleged he breached his fiduciary duty, churned investments, recommended unsuitable securities, and made unauthorized transactions while at Prudential Securities. The complaint evolved into an arbitration proceeding before a FINRA panel, which issued an award to the customer of $32,000.
According to the Financial Industry Regulatory Authority, John Egan holds 46 years of securities industry experience. Based in Boca Raton, Florida, he has been a broker and an investment advisor with Newbridge Securities since 2013. He is also registered with the firm’s office in Margate, Florida. His past registrations include CBG Financial Group, International Assets Investment Management, Fintegra, SMH Capital, Morgan Keegan & Company, Ladenburg Capital Management, Ladenburg Thalmann & Company, Mesirow Financial, Prudential Securities, Smith Barney Harris Upham, Drexel Burnham Lambert, Thomson McKinnon Securities, Oppenheimer & Company, White Weld & Company, and Reynolds Securities. His credentials include the passage of ten securities industry qualifying exams: the General Securities Sales Supervisor Examination (Options Module & General Module), or Series 8; the General Securities Principal Examination, or Series 24; the Registered Options Principal Examination, or Series 4; the General Securities Representative Examination, or Series 7; the AMEX Put and Call Exam, or PC; the Interest Rate Options Examination, or Series 5; the Investment Banking Registered Representative Examination, or Series 79; 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. He is licensed in California, Florida, Illinois, Indiana, Massachusetts, Michigan, New Jersey, New York, Ohio, and Washington. (Information current as of October 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.