According to publicly available records Betsy Lou Whipple, a broker who works for Newbridge Securities Corp. , discloses that a customer is seeking damages as a result of losses suffered after investing in alternative investments.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 7/2022 a customer of Newbridge Securities filed FINRA arbitration 22-1519 alleging breach of contract, misrepresentations and omissions and failure to supervise in connection with a recommendation made by Whipple to invest in alternative investments. The customer seeks damages of between $500,000-$1,000,000.
Whipple has been registered with Newbridge Securities since 3/2018. Whipple discloses a business affiliation with BL Whipple Wealth Management located at 1713 River Ranch Road, Hiko, NV.
Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures. It may also include art, wine, antiques, coins or stamps. These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.
If you have losses in an account handled by Betsy Lou Whipple, contact us to discuss how you may be able to recover damages for those losses.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900