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Investors Name Peter Goffin in Negligence Allegations

Peter Goffin (CRD #: 1617710), a broker previously registered with Newbridge Securities Corporation, is embroiled in several investor disputes. This is according to his BrokerCheck record, accessed on November 1, 2024. Keep reading for more information. 

Investor Disputes

Four pending disputes name Peter Goffin in allegations of failure to supervise, breach of contract, negligence, and violation of Regulation Best Interest. These disputes seek a total of $1.1 million in damages.

On November 15, 2023, an investor named Peter Goffin in allegations of failure to supervise, negligence, and breach of contract. This dispute was settled for $300,000.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish supervisory systems to ensure their compliance with securities regulations. For example, firms must implement systems of supervision to make sure that brokers’ recommendations are suitable for clients.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure the suitability of their recommendations for an investor’s risk tolerance, tax status, and other factors.

What is broker negligence?

Many types of broker misconduct may qualify as negligence, including unsuitable investment recommendations and excessive or unauthorized trading.

Investors who believe their losses are the result of broker negligence may be able to recover damages by pursuing FINRA arbitration.

Background Information 

Peter Goffin has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 24 General Securities Principal Examination 

During his 36 years in the industry, Peter Goffin has registered with five firms: 

  • Newbridge Securities Corporation (CRD #: 104065) 
  • Wachovia Securities Financial Network (CRD #: 11025) 
  • JW Charles Securities (CRD #: 33832) 
  • JW Charles Securities (CRD #: 6631) 
  • Commvest Securities (CRD #: 13500) 

Kurta Law Can Help

If you worked with Peter Goffin and 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 that 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.

 

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