Alexandre Maltez Tied To Merrill Lynch Cient Dispute Re: Breach Of Fiduciary Duty

Investors potentially experienced losses because of securities broker Alexandre Jesus Maltez (also known as Alex Maltez) [CRD: 6506116, Winter Springs, Florida], according to publicly available disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Maltez worked for Newbridge Securities Corporation from August 23, 2019 to August 1, 2022, and for Newbridge Financial Services Group Inc. from September 25, 2019, to August 1, 2022. He has worked for Merrill Lynch Pierce Fenner Smith Incorporated since October 24, 2022. Below, you can find important information about Maltez’s disclosed client disputes and allegations.

Maltez Disclosed Breach Of Fiduciary Duty Allegations By Newbridge Client

Particularly, a client of Newbridge Securities Corporation contested Alexandre Maltez’s sales practices by filing FINRA Arbitration No. 25-00135 on January 21, 2025. Allegedly, Maltez violated Regulation Best Interest (Reg BI), was negligent, and breached his fiduciary duty. Allegedly, Maltez caused the client to sustain damages through investments in alternative investments involving GWG. Consequently, the client seeks compensation from Newbridge Securities Corporation or Maltez in the amount of $50,000.00 in this ongoing matter.

Newbridge Securities Corporation Investor Accused Alexandre Maltez Of Breach Of Contract, Violation Of FINRA Rules

Specifically, on July 5, 2022, a Newbridge Securities Corporation client filed FINRA Arbitration No. 22-01480 about Alexandre Maltez. Supposedly, Maltez breached his fiduciary duty, failed to supervise individuals, violated FINRA rules, and breached a contract regarding sales of alternative investments. As a result, the client requested damages from Newbridge Securities Corporation or Maltez. Evidently, the firm settled this matter by paying the client $30,000.00 on October 24, 2023.

Maltez Disclosed Negligence, Violation Of Regulation Best Interest Allegations By Newbridge Securities Corporation Client

Also, a client of Newbridge Securities Corporation contested Alexandre Maltez’s sales practices by filing FINRA Arbitration No. 24-02334. Allegedly, Maltez was negligent, breached his fiduciary duty, and violated Regulation Best Interest. Allegedly, Maltez caused the client to sustain damages through investments in alternative investments. Therefore, Newbridge Securities Corporation chose to settle the matter on October 24, 2023, by compensating the client in the amount of $30,000.00.

Looking For More Information About Financial Advisor / Securities Broker Alexandre Maltez?

Are you concerned regarding investments you made with Alexandre Maltez? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery. Soreide Law Group has substantial experience recovering losses for investors throughout the United States. The law firm also takes cases on a contingency fee arrangement and advances all costs. Maltez and brokerage firms Maltez worked for deny accusations of sales practice violations.