Close Menu
Free Consultation: 888-976-6111

Michael Whitaker: Newbridge Advisor Has $100K Negligence Complaint

Michael Whitaker (CRD# 6316100), a financial advisor based in The Villages, Florida, allegedly beached his fiduciary duty to a customer, according to a recent investor complaint against him. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Newbridge Securities Corporation.

Mr. Whitaker’s BrokerCheck report discloses one investor complaint against him. Filed in April 2022, it alleges that he engaged in negligence and breached his fiduciary duty in connection with the recommendation and sale of alternative investments. The pending complaint alleges damages of $100,000.

For reference, the fiduciary standard stipulates that financial advisors like Mr. Whitaker must place their client’s interests above their own, make complete disclosures regarding any conflicts of interest, and act in good faith and with loyalty to the client. This standard is similar to but distinct from the suitability standard that requires brokers to recommend investments that are appropriate for their customer’s background and goals.

According to the Financial Industry Regulatory Authority, Michael Whitaker holds eight years of securities industry experience. Based in The Villages, Florida, he has been a broker and an investment advisor with Newbridge Securities Corporation since 2014 and 2017, respectively. His credentials include the passage of three securities industry qualifying examinations: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Connecticut, Florida, Louisiana, Massachusetts, North Carolina, Ohio, and South Carolina. His self-regulatory organization (SRO) registrations include FINRA and the Nasdaq Stock Market. (Information current as of August 9, 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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • RBC Advisor Martin Klein: Complaints Allege $34 Million Losses

    Pending investor complaints against Newport Beach financial advisor Martin Klein (CRD# 1778613) allege that his investment advice resulted in damages...

    Read More
  • Kingswood Advisor Brady Fuchs Receives Oil & Gas Complaint

    San Diego financial advisor Brady Fuchs (CRD# 3203016) has received an investor complaint alleging that his conduct resulted in five-figure...

    Read More
  • Bill Sines: New Complaint Against Senior Financial Services Advisor

    Multiple investor complaints against Seminole, Florida financial advisor Bill Sines (CRD# 2190586) allege that he recommended unsuitable investments. Financial Industry...

    Read More
  • Jason Rossi: $203K Complaint Against Aegis Capital Broker

    Melville, New York financial advisor Jason Rossi (CRD# 4384426) allegedly churned investments and made unauthorized trades, according to a recent...

    Read More
  • Previous
  • Next