Bruce Galbraith: $444K Complaint Against Siebert Financial Advisor

Seal Beach, California financial Bruce Galbraith (CRD# 1412992) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with Muriel Siebert & Company and an investment advisor with Siebert AdvisorNXT. Both companies are wholly owned subsidiaries of Siebert Financial.

Mr. Galbraith’s BrokerCheck report discloses four investor complaints. The most recent, filed in March 2025, alleges that as a representative of Muriel Siebert & Company, he breached contract and acted negligently in connection with structured product investments. The pending complaint alleges damages of $444,000.

An earlier investor complaint, filed in 2024, alleged that as a Muriel Siebert & Company representative, he engaged in an unspecified improper sales practice in connection with corporate bond and structured product investments. The complaint reached a settlement of $475,000.

A third investor complaint, filed in 2021, similarly alleged that as a Muriel Siebert & Company representative, he signed a suitability form for the claimant’s spouse in connection with an investment that under-performed. The complaint reached a settlement of $30,000.

A fourth investor complaint, filed in 1998, alleged that as a representative of Kennedy Cabot & Company, he failed to properly disclose information and breached his fiduciary duty in connection with corporate bond investments. The complaint reached a settlement of $50,000.

According to the Financial Industry Regulatory Authority, Bruce Galbraith holds 38 years of securities industry experience. Based in Seal Beach, California, he has been registered as a broker with Muriel Siebert & Company and an investment advisor with Siebert AdvisorNXT since 2018. His registration history includes StockCross Financial Services, TD Ameritrade, Kennedy Cabot & Company, and Griffin Financial Services. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 22 state licenses. (Information current as of April 12, 2025.)

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