Glen Derek Delaney, of New York, New York, a stockbroker formerly registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related written complaint on March 6, 2017, in which the customer requested $46,634.00 in damages based upon allegations that Delaney breached his fiduciary duties, over-concentrated the customer’s assets in stock, effected trades that were not suitable for the customer, and negligently serviced the customer’s investment account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Delaney has been identified in two additional customer initiated investment related disputes containing allegations of his misconduct while he was employed with Pointe Capital, Inc. and Newbridge Securities Corporation. Specifically, on January 21, 2011, a customer initiated investment related arbitration claim involving Delaney’s conduct was settled for $75,000.00 in damages based upon allegations that he made unsuitable investment recommendations and misrepresentations to the customer. The customer additionally alleged that Delaney negligently handled the customer’s investment portfolio, breached his fiduciary duties, and violated the Securities Act of the State of Wisconsin.
Subsequently, on March 28, 2013, a customer filed an investment related written complaint regarding Delaney’s activities, in which the customer requested $14,500.00 in damages based upon allegations that he effected equity trades in the customer’s account despite never having gained authorization from the customer beforehand.
Delaney was fired from former employer, Primary Capital LLC, on July 21, 2015, based upon the firm’s allegations that he did not abide by the conditions and terms of a contract, and neglected to repay $6,000 in fees associated with a $50,000 loan arrangement. Since June 27, 2005, Delaney has been associated with eight different broker dealers, three of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
Guiliano Law Group
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