Los Angeles financial advisor Avi Bialo (CRD# 6165479) has received two recent investor complaints alleging as much as $450,000 in...Read More
Philip Gibson: $135K Complaint Against Fort Lauderdale Advisor
Newbridge Securities Corporation financial advisor Philip Gibson (CRD# 2905474) allegedly committed fraud, according to a pending investor complaint against him. Financial Industry Regulatory Authority records show that he is a broker based in Fort Lauderdale, Florida, also operating as an insurance agent with Philip Gibson Insurance.
Mr. Gibson’s BrokerCheck report discloses one pending investor complaint against him. Filed in April 2022, the complaint alleges that as a representative of Newbridge Securities Corporation, he engaged in negligence, breached his fiduciary duty to place the client’s interests above his own, breached contract, was negligent in his supervisory responsibilities, violated securities laws, and committed fraud in relation to alternative investments. The pending complaint alleges damages of $135,000.
Another disclosure on Mr. Gibson’s BrokerCheck report concerns a 2017 sanction by the New York State Department of Financial Services. According to the disclosure, he was named as an additional respondent in a stipulation between the department and Newbridge Securities Corporation that concerned the “inadvertently late report of a prior regulatory action against NSC in connection with its securities business.” Per FINRA, Mr. Gibson was named in the stipulation “solely in his capacity as the designated producer for the insurance business” at National Securities, though he “was not in any way involved in the oversight that led to the late report, nor in the underlying regulatory action that was late reported.” The sanction involved a monetary penalty of $1,000 against the firm.
An investor complaint filed in 2003 alleged that Mr. Gibson, while at GKN Securities Corporation, committed fraud, made misrepresentations, breached contract, breached his fiduciary duty, and recommended unsuitable investments in unspecified securities. The complaint evolved into an arbitration proceeding before a FINRA panel that issued an award of $10,000 to the claimant.
According to the Financial Industry Regulatory Authority, Philip Gibson holds 24 years of securities industry experience. Based in Fort Lauderdale, Florida, he has been a broker with Newbridge Securities Corporation since 2001. His past registrations include Sands Brothers & Company, Bluestone Capital Corporation, Shochet Securities, GKN Securities Corporation, First American Equities, and Joseph Charles & Associates. 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 holds 34 state licenses. (Information current as of June 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.