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Re: MjMilo post# 140556

Thursday, 05/24/2018 9:18:20 PM

Thursday, May 24, 2018 9:18:20 PM

Post# of 203913
Sorry I post facts - there wasn't a single link in your post that verifies your claim that the Newbridge acquisition of completed in early 2018 - as usual I am right.

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

Don't worry I will post more facts.

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 can't find any information about the Newbridge acquisition on either the Newbridge site:http://www.newbridgesecurities.com/ or the EWG site: http://www.europeanwealth.com/

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.

There wasn't anything in the article about The European Wealth Group.

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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