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Investor Alleges Gaspar Garcia Engaged in Fraud

Gaspar Garcia (CRD #: 3244396), a broker registered with Newbridge Securities, allegedly engaged in fraudulent and negligent conduct, according to his BrokerCheck record, accessed on September 5, 2022. Investors may have also engaged his services through Newbridge Financial Services Group. Read on if you have questions about his conduct as a broker.

Investor Dispute

A dispute filed on June 9, 2022, alleges that Gaspar Garcia engaged in fraud as well as negligence. The investor also claims negligent supervision. The client seeks $150,000 in this pending dispute.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish supervisory systems in order to detect and avoid violations of securities regulations. Among other things, firms must appoint supervisors with adequate training or experience.

What qualifies as broker negligence?

Many kinds of broker misconduct may qualify as negligent, ranging from unsuitable investment recommendations to unauthorized trading. Investors who believe their losses were caused by broker negligence may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Gaspar Garcia has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Gaspar Garcia is a registered broker in nine states and a registered investment adviser in Florida.

He has also worked for the following firms:

  • RBC Capital Markets (CRD#:31194)
  • J. B. Hanauer & Company (CRD#:6958)
  • Wachovia Securities (CRD#:19616)
  • Edward Jones (CRD#:250)

Kurta Law Can Help

If you worked with Gaspar Garcia and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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