Betsy Whipple of Newbridge Securities

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, BETSY LOU WHIPPLE (Betsy Whipple), a broker/financial advisor with Newbridge Securities Corporation of Hiko, Nevada, has had three “Customer Disputes” listed on her FINRA CRD report. Whipple has been registered with Newbridge Securities Corporation in Hiko, Nevada since March of 2018. She has been in the securities industry for 26 years and has been listed with 12 firms. Of the three “Customer Disputes,” one was withdrawn, one was settled, and one is pending. Betsy Whipple denies all allegations.

In July of 2001, the allegations were, “THE CLAIMANT SOUGHT DAMAGES IN THE AMOUNT OF $100,000 PLUS INTEREST, COSTS AND COMPENSATION FOR EMOTIONAL DISTRESS. CLAIMANT HAD ALLEGED THAT HER BROKER INVESTED HER INDIVIDUAL AND IRA ACCOUNTS IN UNSUITABLE INVESTMENTS BASED UPON HER STATED INVESTMENT OBJECTIVES. SHE FURTHER ALLEGED THAT THE RR OMITTED MENTIONING THE RISKS INVOLVED WITH EXCHANGING THE TREASURY BONDS AND BANK STOCKS PREVIOUSLY HELD IN HER ACCOUNTS WITH JUNK BONDS AND HIGH TECH STOCKS. CLAIMANT ALLEGED THIS CONDUCT GAVE RISE TO CLAIMS FOR BREACH OF CONTRACT, BREACH OF FIDUCIARY DUTY, NEGLIGENCE, STATE AND FEDERAL SECURITIES FRAUD.”  The damages granted were $10,000.

The pending “Customer Dispute” filed against Betsy Whipple in July of 2022 is requesting $500,000 in damages following these allegations, “Breach of Contract, Misrepresentations/Omissions, Breach of Fiduciary Duty, and Failure to Supervise.”

It was reported that some of these allegations may involve alternative investments. FINRA states that alternative and emerging investment products tend to be complex because they often involve new, complicated or intricate features that can make them hard to understand and evaluate.  Structured products can be illiquid, and you may be unable to sell or only able to do so at a significant loss.  Certain products, such as private placements, may have fewer disclosure obligations than traditional investments, which can translate into limited information for investors.  Also, because fees are often high with alternative and emerging products, they can take away the gains. Make sure you understand all costs and fees before you invest.

Betsy Whipple is currently registered both as a broker and investment advisor since 2018 with the following firm:

NEWBRIDGE SECURITIES CORPORATION

1713 RIVER RANCH ROAD
HIKO, NV 89017

If you’ve suffered investment losses due to the actions or recommendations of Betsy Whipple, currently with Newbridge Securities of Hiko, Nevada, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at:  888-760-6552.

Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis, no fee if no recovery.