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Peter Radvanyi Named in Dispute Alleging Violations of Federal Securities Law

Peter Radvanyi (CRD #: 3129076), a broker formerly registered with Newbridge Securities, is named in a pending dispute, according to his BrokerCheck record, accessed on January 19, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On November 30, 2022, an investor filed a dispute naming Peter Radvanyi in allegations of failure to supervise, breach of contract, and violation of the suitability rule, as well as violations of federal securities law. The client further alleged violations of FINRA Rules 2210, 2020, and IM 2310-20.

The investor seeks $180,000 in damages in this pending dispute.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish systems of supervision designed to identify and prevent violations of securities regulations. Among other things, firms must appoint supervisors and provide them with Written Supervisory Procedures (WSPs) to guide their work.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account an investor’s age, risk tolerance, tax status, and other characteristics described in their profile.

Investors who rely on brokers for recommendations may be able to recover their losses through FINRA arbitration.

FINRA Rule 2210

FINRA Rule 2210 defines how firms and brokers are permitted to communicate with the public (e.g., in advertising). This rule requires all communications with the public to be fair and balanced and free from any false or misleading statements.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of fraudulent tactics, like manipulation and deception, in relation to the purchase and sale of securities.

Background Information

Peter Radvanyi 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

He previously worked for the following firms:

  • Newbridge Securities (CRD#:104065)
  • GunnAllen Financial (CRD#:17609)
  • Brookstreet Securities Corporation (CRD#:14667)
  • ING Financial Partners (CRD#:2882)
  • Ameriprise Financial Services (CRD#:6363)
  • IDS Life Insurance Company (CRD#:6321)

Kurta Law Can Help

If you worked with Peter Radvanyi and you have concerns about your investments, please contact us today at 877-600-0098 or 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.