Investors reportedly complained about securities broker Michael Joseph Whitaker [CRD: 6316100, The Villages, Florida], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Whitaker worked for Newbridge Securities Corporation from April 10, 2014, to March 24, 2025. Keep reading to learn more about the disclosures involving Whitaker and the allegations connected to his time in the securities industry.
Evidently, on April 23, 2025, a Newbridge Securities Corporation client filed FINRA Arbitration No. 25-00823 about Michael Whitaker. Evidently, the client claimed that Whitaker breached his fiduciary duty, failed to supervise, was negligent, and breached a contract concerning alternative investments, including GWG L bonds. Consequently, the client requested $50,000.01 in compensation from Newbridge Securities Corporation or Whitaker. Supposedly, this claim awaits a resolution.
Also, a client of Newbridge Securities Corporation took aim at Michael Whitaker’s conduct by bringing FINRA Arbitration No. 24-01318. Allegedly, Whitaker breached his fiduciary duty, was negligent, and made unsuitable advice about GWG investments. For this reason, Newbridge Securities Corporation opted to settle the dispute on April 25, 2025, by compensating the client in the amount of $32,500.00.
Also, a client of Newbridge Securities Corporation disputed Michael Whitaker’s sales practices by filing FINRA Arbitration No. 22-01644. Allegedly, Whitaker made misrepresentations, breached his fiduciary duty, violated securities laws, breached a contract, failed to supervise certain representatives, and was negligent. It appears that Whitaker caused the client to sustain damages connected to alternative investments. As a result, Newbridge Securities Corporation agreed to settle the matter on September 13, 2023, by paying compensation amounting to $45,000.
Particularly, a client of Newbridge Securities Corporation contested Michael Whitaker’s sales practices by bringing FINRA Arbitration No. 22-00946. Allegedly, Whitaker negligently supervised certain representatives and breached his fiduciary duty. Therefore, Newbridge Securities Corporation opted to settle the dispute on May 14, 2023, by paying compensation totaling $30,000.
Do you have concerns or questions regarding investments you made with Michael Whitaker? If so, contact Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer regarding a possible recovery. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Whitaker and brokerage firms Whitaker worked for deny allegations of sales practice violations.
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