Philip Andrew Gibson, of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $65,000.00 in damages based upon allegations that Gibson defrauded the customer, violated securities laws, breached his fiduciary duties, was negligent, and breached a contract in connection with the sale of alternative investments during the period that Gibson was associated with Newbridge Securities Corporation. FINRA Arbitration No. 22-00934 (July 26, 2023).
This is not the first time that Gibson has been referenced in a customer initiated investment related dispute concerning Gibson’s conduct in the securities industry. FINRA Public Disclosure shows that Gibson was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $10,000.00 in compensatory damages because Gibson was held jointly liable for sales practice violations. FINRA Arbitration No. 03-05552 (February 3, 2006). The Statement of Claim alleged that Gibson breached a contract, breached his fiduciary duties, committed fraud, made misrepresentations of material fact, and engaged in unsuitable trading when Gibson was associated with GKN Securities Corporation.
Gibson was associated with Newbridge Securities Corporation in Boca Raton, Florida from December 18, 2001, to March 27, 2024.
