National investment loss lawyers KlaymanToskes is investigating broker Alex Maltez (CRD# 6506116) a/k/a Alexandre Jesus Maltez formerly of Newbridge Securities. Maltez is currently registered as a broker and investment advisor with Merrill Lynch.
According to FINRA BrokerCheck, broker Alex Maltez is currently involved in a customer complaint alleging unsuitable recommendations to invest in GWG L Bonds and $651,709 in investor damages. In April 2022, GWG Holdings, Inc. filed for bankruptcy, suspending their monthly dividends and leaving investors without access to their principal. On January 29, 2024, financials were filed with the bankruptcy court by the GWG Wind Down Trustee which confirmed that L bondholders will only receive a small fraction of their investments from the bankruptcy.
Accordingly, it is in bondholders’ best legal interest to maximize their recovery of losses by filing FINRA arbitration claims against the brokerage firms and financial advisors who sold these unsuitable products, such as Newbridge Securities.
Investors that suffered losses with broker Alex Maltez are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial advisor Alex Maltez, formerly of Newbridge Securities is currently facing an investor dispute alleging unsuitable recommendations to invest in GWG L Bonds. The complaint alleges $651,709 in investor damages due to recommendations of GWG L Bond investments. According to FINRA BrokerCheck, broker Alex Maltez was previously registered with Newbridge Securities from August 2019 to August 2022 in Winter Park, FL. Maltez is currently a broker with Merrill Lynch in Winter Springs, FL.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Alex Maltez, or have concerns regarding your investment portfolio at Newbridge Securities, Merrill Lynch, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.