Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on May 7, 2018 indicate that former Florida-based Newbridge Securities Corporation broker/adviser Matt Neas, who has received resolved or pending customer disputes, has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Neas (CRD# 2863660).
Matt Neas has spent 19 years in the securities industry and was most recently registered with Newbridge Securities Corporation in Boca Raton, Florida (2011-2017). Previous registrations include Next Financial Group in Austin, Texas (2008-2011); Merrill Lynch in Austin, Texas (2005-2008); UBS Financial Services in Weehawken, New Jersey (2001-2005); and Morgan Stanley DW in Purchase, New York (1997-2001). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on April 30, 1997; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 18, 1997; Series 31 (Futures Managed Funds Examination), which he obtained on May 7, 1997; and Series 7 (General Securities Representative Examination), which he obtained on April 16, 1997. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one regulatory sanction, six customer complaints, and two pending customer complaints.
In February 2018 a customer alleged Matt Neas, while employed at Newbridge Securities, made unsuitable investment recommendations and charged excessive commissions in connection to investments in exchange-traded funds. The customer is seeking $700,000 in damages in the pending complaint.
In February 2018 a customer alleged Matt Neas, while employed at Newbridge Securities, recommended unsuitable investments, acted negligently, and breached his fiduciary duty. The customer is seeking $160,000 in damages in the pending complaint.
In October 2017 FINRA sanctioned him following allegations he failed to respond to a request for information. He was consequently indefinitely barred from association with any FINRA member in any capacity
In 2011 a customer alleged Matt Neas, while employed at Merrill Lynch, recommended unsuitable investments, misrepresented and omitted material facts, executed unauthorized trades, and traded excessively. The complaint settled in 2012 for $75,000.
In 2008 a customer alleged he, while employed at UBS Financial Services and Merrill Lynch, misrepresented material facts, recommended unsuitable investments and churned the account. The complaint settled with Merrill Lynch for $80,000 and with UBS Financial Services for $100,000.
In 2008 a customer alleged he, while employed at Merrill Lynch, executed unauthorized options trades. The complaint settled for $128,000.
If you or someone you know has lost money investing with Matt Neas, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.