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Peter Goffin: Newbridge Advisor Faces $91K GWG Complaint
Boca Raton financial advisor Peter Goffin (CRD# 1617710) recently received an investor complaint alleging that a GWG investment recommendation resulted in damages. Financial Industry Regulatory Authority records show that he is a broker with Newbridge Securities Corporation and an investment advisor with Newbridge Financial Services Group.
Mr. Goffin’s BrokerCheck report discloses one recent investor complaint. The most recent, filed in September 2023, alleges that as a representative of Newbridge Securities Corporation, he misrepresented material facts, acted negligently, and breached his fiduciary duty in connection with an investment in GWG Holdings. The pending complaint alleges damages of $91,000.
Filed in June 2021, it alleges that as a representative of Newbridge Securities Corporation, he recommended unsuitable alternative investments, breached contract, breached his fiduciary duty, and engaged in common law fraud. The complaint reached a settlement of $32,500.
In a statement on the complaint’s disclosure, Mr. Goffin wrote that he “vehemently denies the allegations in the Statement of Claim, and expressly denies any wrongdoing in connection with the servicing of the client’s accounts.” He asserted further that the investments in question “were suitable for the client based on the client’s stated investment objectives and investor profile.”
An earlier investor complaint disclosed on Mr. Goffin’s BrokerCheck report was filed in 2012, alleging that he failed to adequately disclose fees and other terms regarding an unsuitable variable annuity. The complaint alleged damages of $30,300 and was denied by his firm, Newbridge Securities Corporation.
According to the Financial Industry Regulatory Authority, Peter Goffin holds 36 years of securities industry experience. Based in Boca Raton, Florida, he has been a broker with Newbridge Securities Corporation since 2003 and an investment advisor with Newbridge Financial Services Group since 2005. His past registrations include Wachovia Securities Financial Network (Deerfield Beach, Florida; 1995-2003), JW Charles Securities (Boca Raton, Florida; 1989-1997), and Commvest Securities (1987-1989). His credentials include the passage of five securities industry qualifying examinations: 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 with California, Connecticut, Florida, Georgia, Indiana, Kentucky, Massachusetts, Nevada, New Jersey, New York, North Carolina, Pennsylvania, and Virginia. (Information current as of September 25, 2023.)
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