Boca Raton Florida Law Firm of Dickenson Murphy Rex & Sloan is representing an elderly widow who alleges that her broker at Newbridge Securities Corporation made unsuitable and unauthorized investments that resulted in the complete loss of her nest egg.
Boca Raton, FL (PRWEB) March 16, 2009 -- The Securities Litigation and Arbitration Division of the law firm of Dickenson Murphy Rex and Sloan, (www.securitiesalert.com) announces that they are representing an elderly South Florida widow who lives in an assisted living facility. Over a period of twenty months following the death of her husband, the widow's account was completely wiped out as a result of alleged unsuitable investments, unsuitable use of margin borrowing and unauthorized purchases and sales of low grade securities. Most of the security trades were 'principal' trades to and from Newbridge's proprietary account.
On March 16, 2009, a Verified Petition to Perpetuate the Testimony By Video Deposition of Jerry Perlman was filed in the Circuit Court In and For Palm Beach County, FL, Case No. 50 2009 CA 009027xxxxMB AD. "We anticipate filing a claim for potential sales practice violations in the near future and would appreciate hearing from investors and/or former employees of Newbridge concerning the methodology utilized by the brokerage firm with regard to the handling of customer accounts," said Robert H. Rex, Esq. of Dickenson Murphy Rex and Sloan.
The Law Offices of Dickenson Murphy Rex & Sloan is "AV" rated by Martindale Hubble, the highest rating given by this nationally recognized lawyer rating service. The Securities Litigation and Arbitration Division of the firm is presently handing a variety of cases on behalf of investors who feel their investment losses are the result of the negligence or wrongdoing of others.
If you have information relevant to this claim or wish to discuss this announcement, please call Robert H. Rex, Esq. or Nan L. Thompson at 561 391 1900 or visit our website www.securitiesalert.com. Dickenson Murphy Rex & Sloan, 980 N Federal Hwy., Suite 410, Boca Raton, FL 33432.
Robert H. Rex, Esq.
561 391 1900
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