John Moy: $100K-$500K Complaint Against Moy Wealth Management Advisor

Boca Raton financial advisor John Moy (CRD# 848350) allegedly breached his fiduciary duty to place an investor’s interests above his own, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker with Newbridge Securities Corporation and an investment advisor with Newbridge Financial Services Group, doing business as Moy Wealth Management.

Mr. Moy’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in December 2022, alleges that as a representative of Newbridge Securities Corporation, he breached his fiduciary duty, acted negligently, committed fraud, and breached contract. The pending complaint alleges damages between $100,000 and $500,000.

An earlier investor complaint, filed in 2019, alleged that as a representative of National Securities Corporation, he recommended an unsuitable fixed annuity investment. In March 2022 the complaint reached a settlement of $50,000.

A third investor complaint, filed in 2019, alleged that he recommended unsuitable investments in over-the-counter and listed equities. The complaint reached a settlement of $65,000.

A fourth investor complaint, filed in 1993, alleged churning, negligence, breach of fiduciary duty, misrepresentation, and breach of contract while he was at Shearson Lehman Brothers. The complaint evolved into an arbitration proceeding before an NASD panel, which issued an award to the customer of $32,809.

Mr. Moy’s BrokerCheck report also describes two employment terminations. In April 2019 he was fired from National Securities Corporation in connection with allegations he violated firm policies and procedures concerning “the recommendation of variable annuity liquidations.” One year earlier, in 2018, Morgan Stanley Wealth Management fired him in connection with allegations “regarding his transition from another Firm, including client allegations involving the opening of accounts.”

According to the Financial Industry Regulatory Authority, John Moy holds 44 years of securities industry experience. Based in Boca Raton, Florida, he has been a broker with Newbridge Securities Corporation and an investment advisor with Newbridge Financial Services Group since 2019. His past registrations include International Assets Advisory, National Securities Corporation, Morgan Stanley, Merrill Lynch, Wachovia Securities, Prudential Securities, Dean Witter Reynolds, EF Hutton & Company, Laidlaw Adams & Peck, Painewebber, Prudential-Bache Securities, Wheat First Securities, Brokers Exchange, and Salkin Welch & Company. His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; 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 Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Delaware, the District of Columbia, Florida, Georgia, Louisiana, Maryland, Nevada, New York, Pennsylvania, South Carolina, Texas, Virginia, West Virginia, and Wisconsin. (Information current as of January 12, 2023.)

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