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Investor Alleges Negligence in Michael Whitaker Dispute

Jun 17, 2022 Investor Disputes

Michael Whitaker (CRD #: 6316100), a broker registered with Newbridge Securities Corporation, is involved in a pending dispute, according to his BrokerCheck record, accessed on June 9, 2022. If you have questions about Michael Whitaker’s conduct as a broker, keep reading.

Investor Dispute

On April 29, 2022, an investor alleged that Michael Whitaker engaged in negligence and negligent supervision. The investor seeks $100,000 in damages in this pending suit.

What is broker negligence?

Many behaviors can qualify as broker negligence. Common forms of negligence include unsuitable investment recommendations, omission of information, and failure to supervise.

Negligent supervision violates FINRA Rule 3110, which requires firms to establish and maintain systems of supervision to monitor their regulatory compliance.

Criminal Charges

On March 4, 2020, two criminal charges were added to Michael Whitaker’s record–one for witness tampering and one for battery. 

Background Information

Michael Whitaker has passed the following exams:

  • Series 66 - Uniform Combined State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination

Michael Whitaker is a registered broker in seven states and a registered investment adviser in Florida and Louisiana.

He has only registered with Newbridge Securities Corporation (CRD #: 104065). 

Kurta Law Can Help

If you worked with Michael Whitaker and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.