John Eugene Egan of Boca Raton, FL, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Egan breached his fiduciary duties, breached a contract, and was negligent in connection with the recommendation and sale of penny stocks and alternative investments during the time that Egan was associated with Newbridge Securities Corporation. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00310 (April 21, 2022).
FINRA Public Disclosure shows that Egan has been referenced in three other customer initiated investment related disputes concerning Egan’s conduct while associated with securities broker dealers. On August 2, 2012, a FINRA securities arbitration claim involving Egan’s conduct resulted in the customer being awarded $100,000.00 in compensatory damages because Morgan Keegan Company Inc. was held liable on the customer’s claims which included breach of fiduciary duties, negligence, fraud, and breach of contract. FINRA Arbitration No. 11-00726.
Egan was also referenced in a FINRA securities arbitration claim that was settled for $6,500.00 in damages based upon allegations that Egan made unsuitable recommendations, breached his fiduciary duties, was negligent, and failed to supervise certain registered representatives in connection with the sale of stocks, IPOs, and over-the-counter equities when Egan was associated with Newbridge Securities Corporation. FINRA Arbitration No. 18-00882 (August 6, 2019).
Egan has been associated with Newbridge Securities Corporation in Boca Raton, FL, as a stockbroker since August 5, 2013, and associated with Newbridge Financial Services Group Inc. in Margate, FL, as an investment advisor representative since August 26, 2013.
