There are options for customers of Newbridge Securities Corporation broker Robert Bragg (CRD# 4767535) who suffered losses due to alternative investments. He has been registered with Newbridge Securities Corporation in Monument, Colorado since 2016. Previously, he was registered with VSR Advisory Services in Colorado Springs, Colorado from 2005 to 2016.
In July 2016, the Colorado Division of Securities sanctioned him to a stipulation and consent regarding four complaints made by clients.
Robert Bragg Customer Complaints
He has been the subject of two customer complaints between 2015 and 2022, according to his CRD report:
June 2022. “Negligence, Unsuitable Recommendations, Negligent Supervision, Fraud, Violation of FINRA Rule 2210.” The case is currently pending. The complaint was regarding alternative investments and took place while he was registered with Newbridge Securities Corporation and VSR Financial Services, Inc.
February 2015. “Client Alleges Unsuitable Recommendations, Lack Of Honesty And Fairness, Misrepresentation. Activities Dated From March 2005- 8/13/2013.” The customer sought $460,488 in damages and the case was settled for $60,000. The complaint took place while he was registered with VSR Financial Services, Inc. and was regarding direct investments, equipment leasing, promissory notes, and real estate securities.
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 Robert Bragg’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.