Betsy Lou Whipple of Hiko, Nevada, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Whipple breached a contract, made misrepresentations and omissions of material fact, and breached her fiduciary duties, and that Newbridge Securities Corporation failed to supervise certain registered representatives in connection with the recommendation and sale of alternative investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-01519 (July 7, 2022).
This is not the first time that Whipple has been referenced in a customer initiated investment related dispute concerning Whipple’s conduct in the securities industry. FINRA Public Disclosure shows that Whipple was also referenced in a customer initiated investment related complaint filed on January 5, 2001, in which the customer requested compensation based upon allegations that Whipple made unsuitable recommendations of common and preferred stocks during the time that Whipple was associated with Bear Stearns Co. Inc. The complaint alleges that the stocks performed poorly. However, the customer withdrew their complaint.
On May 16, 2005, another customer initiated investment related securities arbitration claim involving Whipple’s conduct resulted in the customer being awarded $10,000.00 in compensatory damages because Whipple and Bear Stearns Co. Inc. were held liable on the customer’s claims which included that Whipple made unsuitable recommendations, breached a contract, breached her fiduciary duties, was negligent, and violated state securities laws. NYSE CASE 2002-010255.
Whipple has been registered with Newbridge Securities Corporation as a stockbroker since March 20, 2018, and registered with Newbridge Financial Services Group Inc. as an investment advisor representative since March 28, 2018.
