Peter Goffin Involved in More GWG Disputes

Peter Goffin (CRD# 1617710[1]), previously a broker registered with Newbridge Securities, recommended investments in GWG Holdings[2] that led to losses, according to several investor disputes. MDF Law is investigating the former Boca Raton, Florida-based financial professional for similar conduct. If you have concerns about losses in your accounts, call us today to speak with an attorney.

More information about the allegations against Mr. Goffin[3] follows below. This post is sourced from his BrokerCheck profile, a Financial Industry Regulatory Authority record examined on November 6, 2024. 

Pending Disputes Allege Reg BI Violations, Negligence

Between 2023 and 2024, four parties of investors filed disputes involving Mr. Goffin that are still pending. These claims detail allegations that he breached contract, breached his fiduciary duty, violated Regulation Best Interest, and engaged in negligence. All four disputes involve alternative investments, with one specifying that it relates to investments in GWG. The claims, which are still pending, seek between $1.1 million and $2 million in alleged damages.

Past Dispute Involved GWG 

The above-described pending disputes are not the only ones in Mr. Goffin’s history. Between 2021 and 2023, three parties of investors filed disputes that his member firm settled. These claims similarly detailed allegations of misrepresentation, unsuitable recommendations, breach of contract, supervisory failures, negligence, and breach of fiduciary. They also stemmed from alternative investments, according to his BrokerCheck profile, with one disclosure specifying GWG securities. His former member firm settled the claims for a total of $372,500.

Peter Goffin Denies Allegations

Mr. Goffin “vehemently” denied the allegations made in a 2021 dispute, according to a “Broker Statement” in his BrokerCheck profile. The claim in question alleged that he recommended unsuitable alternative investments and committed common law fraud, stemming from alternative investments. The statement asserts further that the investments in question were suitable for the client, based on their objectives and profile. His former member firm ultimately settled the dispute for $32,500.

FINRA: Broker Last Based in Boca Raton

Mr. Goffin started his career as a broker when he registered with Commvest Securities in 1987. He stayed at the firm for two years before departing for JW Charles Securities. He joined his most recent firm, Newbridge Securities, in 2003, and remained at its Boca Raton office until 2023. With 36 years as a broker under his belt, he has completed two industry exams, including the Series 65 and the Series 63. He is no longer registered as a broker or an investment adviser. 

Call MDF Law for a Free Consultation

MDF Law’s experienced investment fraud attorneys[4] have recovered more than $100 million in losses for the victims of broker fraud. If you have concerns about investments recommended by Peter Goffin, call our team to discuss your recovery options. Our attorneys offer free consultations across the US. Your time to pursue an arbitration claim may be limited, so call 800-767-8040 to speak with our team today.