There are options for clients of former Newbridge Securities Corporation broker Kevin T. Doyle (CRD# 2189452) who suffered investment losses. Doyle has been registered with Aegis Capital Corp. in Mineola, New York since 2017. Previously, Doyle was registered with National Securities Corporation in Mineola, New York from 2016 to 2017 and with Newbridge Securities Corporation in Syosset, New York from 2008 to 2016.
According to public records, a former client of Newbridge Securities Corp. and Doyle recently filed a FINRA arbitration alleging that the former client purchased speculative, illiquid, and high-risk investments in structured notes by Morgan Stanley, as well as other products by Morgan Stanley, including real estate investment trusts (REITs) and business development companies (BDCs).
Doyle has been the subject of three customer complaints between 2000 and 2019, according to his CRD report:
December 2019. “Time Frame: 02/15/2018 to 08/23/2019. The client claims representative made unsuitable recommendations not in line with investment objectives.” The customer is seeking $17,231 in damages and the case is currently pending. The complaint took place while Doyle was registered with Newbridge Securities Corp. and was regarding alternative investments.
September 2004. “Unsuitability, fraudulent and misleading conduct, ommission of facts, negligence, various statutory violations and UAT.” The customer sought $200,000 in damages and the case was settled for $8,500. The complaint took place while Doyle was registered with Gkn Securities Corp., Cambridge Capital Llc, Investec, Ernst & Co.
July 2000. “Improper trading.” The customer sought $53,336.64 in damages and the case was settled for $7,500. The complaint took place while Doyle was registered with Gkn Securities Corp. and was regarding improper trading.
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, Newbridge Securities Corporation may be liable for investment or other losses suffered by Doyle’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.