The Financial Industry Regulatory Authority (FINRA) contains important investment information concerning securities broker Jeffrey Lewis Eglow (CRD#: 1299960, Boca Raton, Florida). It appears that Eglow worked for securities firms Wells Fargo Advisors (2012 to 2015 as a broker and financial advisor), SunTrust Investment Services (2015 to 2017 as a broker and financial advisor), Newbridge Securities Corporation (2017 to present), and Newbridge Financial Services Group (2017 to present). Namely, SunTrust and Wells Fargo investors alleged sales practice violations, including breach of fiduciary duty and breach of contract, in disputes about Eglow. Let’s take a closer look at the investors’ allegations. But keep in mind that Eglow denies allegations against him.
Newbridge Securities Corporation Client Alleges Breach Of Fiduciary Duty Concerning Jeffrey Eglow’s Alternative Investment Sales
Evidently, a client of Newbridge Securities Corporation filed a dispute about Jeffrey Eglow’s alternative investment sales. This FINRA Arbitration Claim, dated June 2022, concerns allegations of negligence, breach of contract, breach of fiduciary duty, promissory estoppel, and violation of state laws. Supposedly, Newbridge Securities Corporation failed to supervise Eglow’s activities. For this reason, the client asks for $125,000 to resolve this ongoing matter. However, Eglow denies the allegations.
Client Of Newbridge Securities Corporation Alleges Negligence By Securities Broker
Also, FINRA BrokerCheck shows a May 2022 FINRA Arbitration claim about Jeffrey Eglow’s alternative investment sales. Namely, the client alleges that Eglow or Newbridge Securities Corp were negligent and in breach of a fiduciary duty concerning alternative investment transactions. As a result, the client seeks payment of 250,000 from Newbridge Securities Corporation to resolve this investment dispute.
SunTrust Investment Services Client Alleges That Jeffrey Eglow Overcharged Them On Trades
Further, a client of SunTrust Investment Services Inc. lodged a dispute about Jeffrey Eglow’s sales practices. According to this May 2017 complaint, the broker overcharged them for trades. Supposedly, Eglow caused the client to suffer losses by holding municipal debt products. Evidently, SunTrust Investment Services opted to resolve this matter in June 2017 for $48,758 in compensation to the client. Still, the broker denies the allegations and was not asked to contribute to the settlement.
Client Of SunTrust Claims Overconcentration In Exchange Traded Funds
Notably, a SunTrust Investment Services client took issue with Jeffrey Eglow’s leveraged ETF and UIT transactions, according to a dispute the client filed in 2016. Supposedly, the broker caused the client’s account to contain an overconcentration in UITs. Not only that, but the broker caused the client to buy and hold leveraged ETF positions. For this reason, SunTrust Investment Services opted to settle this matter by paying $115,000 to the client in March 2017.
Prior disputes (client complaints from 2015) collectively allege omissions and misrepresentations. Evidently, SunTrust denied the dispute about omissions concerning variable annuities. And Wells Fargo Advisors settled a dispute about the purported misrepresentation of the provisions and terms of annuities.
Did You Sustain Financial Damages By Investing Through Jeffrey Eglow?
Did securities broker Eglow commit sales practice violations against you? You can contact Soreide Law Group at (888) 760-6552 to speak with a skilled securities lawyer about a possible recovery of your losses. Soreide Law Group represents clients on a contingency fee arrangement and advances all costs. The firm has recovered meaningful compensation for US investors who incurred losses from securities brokers or financial advisors.
