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Thursday, May 24, 2018 9:18:20 PM
Newbridge Securities to be bought by foreign wealth management firm
London-based European Wealth Group is acquiring the U.S. independent broker-dealer, which has about 200 reps and advisers
Oct 11, 2017 @ 2:22 pm
Let's take a closer look at the EWG website:
http://www.europeanwealth.com/2018/01/ (nothing about Newbridge)
http://www.europeanwealth.com/2018/02/
http://www.europeanwealth.com/2018/03/
http://www.europeanwealth.com/2017/10/
Then we have the following:
European Wealth Group scaling up with acquisition of Newbridge
10:18 05 Apr 2017
I did find the following and it is going to hurt:
Newbridge Securities sued for Unsuitable Investments
February 13, 2018
PA Financial Advisor Austin Dutton – 4 Pending Customer Complaints
According to an article in the Philadelphia Inquirer, three retired Philadelphia police officers and a firefighter have filed complaints with the Financial Industry Regulatory Authority (FINRA) against Newbridge Securities for unsuitable investments.
The clients allege that their financial advisor, Austin Dutton of Doylestown, did not properly warn them of the risks involved with the recommended investments.
Newbridge is domiciled in Florida - if they have been acquired then why are they still filing - as of 04/11/2018 Newbridge filed a Annual Report - if they had been acquired the corporation would have been dissolved.
IG
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