Our firm is investigating Newbridge Securities Corporation financial advisor and registered representative Christopher Brent Chancellor (CRD# 6223895) of Ridgeland, Mississippi for potential investment-related misconduct.
Financial Advisor’s Career History
Based on FINRA BrokerCheck, Christopher Brent Chancellor’s securities registration history includes the following firms and time periods:
- Newbridge Securities Corporation (Ridgeland, MS / Boca Raton, FL) — 10/2024 to Present
- LPL Financial LLC (Ridgeland, MS) — 12/2022 to 10/2024
- Spire Securities, LLC (Ridgeland/Madison, MS) — 03/2020 to 12/2022
- Securities America, Inc. (Ridgeland, MS) — 01/2020 to 03/2020
- First Allied Securities, Inc. — 02/2015 to 01/2020
Christopher Brent Chancellor Fraud Allegations and Investor Complaints Explained
Customer Dispute: FINRA Arbitration Alleging Unsuitable REIT / Alternative Investment Recommendations (Settled)
FINRA BrokerCheck reflects a customer dispute reporting that, while associated with First Allied Securities, Inc., the claimant alleged the adviser recommended unsuitable recommendations and further alleged negligence, misrepresentations, and breaches of duty and contract. The product type is listed as REITs / other alternative investments, with alleged damages of $125,000. The matter is identified as FINRA arbitration docket/case no. 21-01664 (Jackson, Mississippi).
Key reported dates and outcome include:
- Notice/Process Served: 07/01/2021 – 07/09/2021 (reported in the disclosure)
- Disposition: Settled
- Disposition Date: 04/21/2022
- Monetary Compensation Amount: $10,000
- Individual Contribution Amount: $10,000
- Broker statement (as reported): the broker disputed recommending or selling the alleged REITs/alternatives to the claimant.
Disclosures list (for quick reference):
- Customer Dispute (FINRA Arbitration 21-01664) — Allegations: unsuitable REITs/alternative investments; negligence/misrepresentations/breach of duty/contract — Disposition: Settled (04/21/2022) — Reported payment: $10,000
Employment Separation: Discharged for Unapproved Messaging App Communications (Reported by Firm and Broker)
BrokerCheck also reflects an employment separation from LPL Financial LLC. The report states Christopher Brent Chancellor was discharged on 09/19/2024 with allegations that he used a firm-unapproved messaging application to transmit business-related communications to an assistant.
Disclosures list (for quick reference):
- Termination (LPL Financial LLC) — Allegation: unapproved messaging app used for business communications — Termination type: Discharged (09/19/2024)
To obtain a copy of Christopher Brent Chancellor’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is commonly implicated when a customer alleges unsuitable REIT or alternative investment recommendations, because the rule requires a broker/advisor to have a reasonable basis to believe a recommendation is suitable in light of the customer’s investment profile (including objectives, risk tolerance, liquidity needs, time horizon, and overall portfolio context). Where a dispute alleges the investor was steered into illiquid or complex alternatives that did not match these factors, FINRA Rule 2111 is often central to evaluating the conduct described in the complaint.
FINRA Rule 4511 (Books and Records) can be implicated where a broker is alleged to have used a firm-unapproved messaging application for business-related communications, because firms must make and preserve required records, and business communications can become part of those recordkeeping obligations. When communications occur off-channel (i.e., outside approved systems), it can create supervision and record-retention gaps that FINRA scrutinizes in examinations and enforcement matters, implicating FINRA Rule 4511.
FINRA Rule 3110 (Supervision) is frequently relevant to allegations involving off-channel communications, because it requires member firms to establish and maintain supervisory systems reasonably designed to achieve compliance. If business-related messages are sent through unapproved apps, the firm may have difficulty supervising communications, retaining required records, and monitoring for red flags—issues that can intersect with both firm policies and regulatory expectations under FINRA Rule 3110.
The Law Offices of Robert Wayne Pearce, P.A. is a nationally recognized securities law firm representing investors in FINRA arbitration and securities fraud cases on a contingency fee basis. Robert Wayne Pearce, the founding attorney, has more than 45 years of experience recovering millions for victims of broker misconduct and investment fraud. He previously defended major brokerage firms and now uses that insight to protect investors nationwide. To discuss your case directly with Mr. Pearce, call (800) 732-2889 or email pearce@rwpearce.com for a free consultation.