San Diego financial advisor Christie Caliva (CRD# 5527773) is involved in an investor complaint stemming from an investment in Franklin...Read More
Peter Radvanyi: $180K Complaint Against Ex-Newbridge Advisor
Reston, Virginia financial advisor Peter Radvanyi (CRD# 3129076) is involved in an investor complaint alleging multiple forms of misconduct, including unsuitable investment recommendations and violations of federal securities law. Records provided by the Financial Industry Regulatory Authority and the Securities and Exchange Commission indicate that the former Newbridge Securities Corporation broker is currently an investment advisor with Radvanyi Wealth Management.
Mr. Radvanyi’s BrokerCheck report discloses one investor complaint. Filed in November 2022, it alleged that as a representative of Newbridge Securities Corporation, he breached his fiduciary duty, breached contract, recommended unsuitable investments, violated federal securities law, and violated FINRA Rules 2210, 2310 and 2020. The pending complaint alleges damages of $180,000.
For reference, securities industry rules stipulate that investment advisers must uphold a fiduciary duty to place their clients’ interests above their own. It also includes a duty to completely disclose any conflicts of interest, and to operate in good faith and with loyalty to their clients. The fiduciary standard is similar to but distinct from the suitability standard established by FINRA Rule 2111, requiring brokers to recommend only investments that are aligned with a client’s background and objectives.
According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Peter Radvanyi holds 23 years of securities industry experience. Based in Reston, Virginia, he has been an investment advisor with Radvanyi Wealth Management since 2016. His past registrations include Newbridge Financial Services (Reston, Virginia; 2007-2016), Gunnallen Financial (Sterling, Virginia; 2007), Brookstreet Capital Management (Sterling, Virginia; 2006-2007), ING Financial Partners (Sterling, Virginia; 2006), and Ameriprise Financial Services (Sterling, Virginia; 1999-2006). His credentials include the passage of four securities industry qualifying exams: 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 m Investment Adviser Law Examination, or Series 65. He is licensed as an investment advisor in Virginia. (Information current as of December 17, 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.