Investors potentially experienced losses due to securities broker Chadwick Taylor Bridgers (also known as Chad Bridgers, Chad Taylor Bridgers, Chad Tayloy Bridgers) [CRD: 2475641, Fayetteville, Arkansas], according to disclosures on FINRA BrokerCheck. Evidently, Bridgers has been a registered representative of Cabot Lodge Securities LLC since June 22, 2017, and of CL Wealth Management LLC since July 14, 2017, both based in Fayetteville, Arkansas. Below, you can learn more about the disclosure filed concerning Bridgers and his alleged misconduct.
Specifically, a client of Cabot Lodge Securities contested Chadwick Bridgers’s sales practices by filing FINRA Arbitration No. 24-01479 on July 8, 2024. Allegedly, Bridgers was negligent, breached his fiduciary duty, and failed to supervise in connection with the client’s purchase of GWG L-bonds in March 2021. Additional allegations include violations of FINRA rules and Regulation Best Interest. It appears that Bridgers caused the client to sustain damages on private placements. Therefore, the client seeks damages from Cabot Lodge Securities or Bridgers in the amount of $400,000 in this ongoing matter.
A breach of fiduciary duty in bond-related transactions occurs when a securities broker or financial advisor fails to act in the best interests of their client. This duty includes disclosing all material risks, recommending investments that are suitable to the client’s financial needs and risk tolerance, and avoiding conflicts of interest. When brokers breach this duty, especially with complex or risky bond products such as private placements like GWG L-bonds, clients can face losses. Such misconduct can form the basis for legal claims in FINRA arbitration.
Are you concerned about your investments with Chadwick Bridgers? You can contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer regarding a potential recovery of your investment losses. Soreide Law Group has helped recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Bridgers and any securities broker dealers / investment advisories Bridgers worked for deny accusations of sales practice violations.
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