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Written by 1:25 pm Broker Investigations, FINRA SEC Sanctions

Austin Dutton, Newbridge, Suspended by FINRA

Austin Dutton

Broker Austin Dutton Suspended after 29 Customer Complaints 

The White Law Group continues to investigate potential claims involving financial advisor Austin Dutton and his former employer Newbridge Securities. If you have suffered losses investing with Austin Dutton, the securities attorneys at the White Law Group may be able to help you.   

Financial Advisor Austin R. Dutton Jr. (CRD#: 2739167) has a staggering number of customer complaints filed against him – 29 with two currently pending, according to his broker profile at BrokerCheck.org. Allegations include unsuitability, negligence and misrepresentation, among others.  

The Financial Industry Regulatory Authority (FINRA) launched its initial investigation on March 29, 2021, making a preliminary determination to recommend that disciplinary action be brought against Dutton alleging violations of FINRA Rules 2111 and 2010; and violations of FINRA Rules 4511 and 2010. He has reportedly been suspended twice. In July 2023, FINRA suspended Dutton indefinitely after he “failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.” 

According to various reports, Dutton’s customer were reportedly Philadelphia city employees, including firefighters and police officers. He reportedly held promotional events for the police union, Philadelphia Fraternal Order of Police (FOP 5); and for firefighter members of the International Association of Fire Fighters (IAFF – Local 22). He also reportedly marketed to the Philadelphia police union. 

In July 2017, Dutton was reportedly fined $200,000 for allegations of “dishonest or unethical practices in the securities business,” according to the Pennsylvania Department of Banking and Securities. The Pennsylvania state regulator also reportedly fined Newbridge Securities $499,000 for failing to supervise a broker in connection with sales of structured products to his clients in the state.

FINRA BrokerCheck – Austin Dutton  

According to his broker profile, Austin Dutton was affiliated with the following firms during his career in the securities industry, among others:    

05/27/2020 – 01/07/2022, AMERICAN TRUST INVESTMENT SERVICES, INC. (CRD#:3001), Doylestown, PA,
05/22/2019 – 06/04/2020, PRIMEX (CRD#:29394), NEW YORK, NY  
07/21/2017 – 09/07/2017, CENTER STREET SECURITIES, INC. (CRD#:26898), DOYLESTOWN, PA  
08/08/2007 – 08/10/2017, NEWBRIDGE SECURITIES CORPORATION (CRD#:104065), DOYLESTOWN, PA   

The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.     

FINRA BrokerCheck provides investors with detailed information about the professional history, qualifications, and regulatory actions of brokers and brokerage firms. Investors can use the tool to verify whether a broker or brokerage firm is registered with FINRA, as well as to review their employment history, licensing status, and any regulatory actions or complaints filed against them.     

Potential Lawsuits to Recover Investment Losses   

Brokerage firms are required to properly supervise their advisors. They must ensure that those advisors are complying with applicable FINRA rules and regulations. If it can be demonstrated that Austin Dutton’s former employers failed to properly supervise him, the firm may be held responsible for the losses in a FINRA arbitration claim.   

If you are concerned about your investments with Austin Dutton and Newbridge Securities and would like a free consultation to discuss your litigation options, please call The White Law Group at 1-888-637-5510.   

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington.   

For more information on The White Law Group, visit WhiteSecuritiesLaw.com.   

 To learn more about the firm’s investigation, please see:   

Pennsylvania Fines Broker Austin Dutton $200,000    and Newbridge Securities sued for Unsuitable Investments   




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