Soreide Law Group has been contacted by a former client of JOHN RICHARD BOATRIGHT (J RICHARD BOATRIGHT,RICHARD BOATRIGHT). Boatright was their broker while he was a registered representative of NEWBRIDGE SECURITIES CORPORATION of Duluth, Georgia. The former clients sustained significant losses. Boatright is not currently listed as a broker.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN RICHARD BOATRIGHT was registered in the securities industry for 24 years. Boatright has 4 Disclosures on his FINRA CRD report. Of those 4 Disclosures, 3 are “Customer Disputes.” The significance of Boatright’s FINRA Customer Complaints is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words Boatwright’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
In March of 2000, there was a Customer Dispute filed against JOHN RICHARD BOATRIGHT with the following allegations, ”MISREPRESENTATION, CHURNING, NEGLIGENCE, BREACH OF FIDUCIARY DUTY, AND UNSUITABILITY.” The settlement amount was $42,500.00.
In August of 2001, another dispute was filed against Boatright following the allegations of, “ALLEGED CHURNING, EXCESSIVE TURNOVER, ACCOUNT MAINTENANCE COSTS.” This dispute settled for $50,000.00.
There is a pending Customer Dispute that was filed against JOHN RICHARD BOATRIGHT in May of 2018, with the following allegations, “CLIENT ALLEGES UNSUITABLE RECOMMENDATIONS AND NEGLIGENCE.” The damage amount requested is $46,000.00.
JOHN RICHARD BOATRIGHT was listed with 8 firms, the most recent listed below:
09/07/2016 – 05/28/2019 NEWBRIDGE SECURITIES CORPORATION – DULUTH, GA
09/22/2015 – 09/02/2016 SUMMIT BROKERAGE SERVICES INC – DULUTH, GA
08/12/1997 – 12/04/2015 J.P. TURNER & COMPANY, LLC – DULUTH, GA
If you’ve experienced investment losses due to the actions or recommendations of JOHN RICHARD BOATRIGHT formerly of NEWBRIDGE SECURITIES CORPORATION of Duluth, Georgia, 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 works on a contingency fee basis, no fee to you if no recovery. We represent clients nationwide before FINRA.