Muriel Siebert & Co., LLC broker Bruce Galbraith (CRD# 1412992) is accused of structured product losses. He has been registered with Muriel Siebert & Co., LLC in Seal Beach, California, since 2018, and Siebert AdvisorNXT, LLC in Seal Beach, California, since 2018. He was registered with Stockcross Financial Services in Seal Beach, California, from 2008 to 2017.
Bruce Galbraith Customer Complaints
He has been the subject of four customer complaints between 1998 and 2025, according to his CRD report. The most recent complaint was regarding:
March 2020. “On March 19, 2025, Claimant filed a Statement of Claim asserting claims for breach of contract and negligence, alleging that she failed to read, yet signed, many account related documents concerning her investments and that the investments were inconsistent with her investment purposes.” The customer sought $144,000 in damages, and the case was settled for $100,000. The complaint took place while he was registered with Muriel Siebert & Co., LLC, and it was regarding corporate debt and structured products.
January 2024. “On January 18, 2024, claimant submitted an undefined Statement of Claim alleging improper sales practice although Respondent records indicate client account values increased during period at issue.” The customer sought $500,000 in damages, and the case was settled for $475,000. The complaint took place while he was registered with Muriel Siebert & Co., LLC, and it was regarding corporate debt and structured products.
January 2021. “Client complained of several items on January 28,2012. Firm spoke and went through issues on February 10, 2021. Firm determined on that date that most of claims were unfounded. Firm further investigated each claim. One issue was the accusation of signing a suitability form for the person making the complaint’s wife. Siebert determined that while this claim had some truth, the form was not used and the Firm had a substantially identical properly executed form on File. Mr. Galbraith settled with the client for $30,000 regarding an underproducing investment that started the client on his way to demanding settlement.” The case was settled for $30,000. The complaint took place while he was registered with Muriel Siebert & Co., LLC, and it was regarding direct investments and structured products.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Muriel Siebert & Co., LLC may be liable for investment or other losses suffered by Bruce Galbraith’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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