Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Russell Goodwyn (Goodwyn), currently associated with Hedgebay Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Goodwyn recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,000,000.00 on June 30, 2025.
Hudson Park Capital II LP (‘Hudson’) has filed a lawsuit in New York Supreme Court against South River Capital (‘South River’), its principal Jim Plack (‘Plack’), Hedgebay Securities LLC (Hedgebay’), and Hedgebay broker Russell Goodwyn (‘Goodwyn’), alleging breach of fiduciary duty under New York law against Hedgebay and Goodwyn and alleging fraud and breach of contract against the other defendants. The allegations are in connection with a $2 million loan made by South River and Hudson in early 2020 to a third-party borrower, with South River lending $1.5million and Hudson lending $500,000. \, \, The borrower subsequently defaulted on the loan. The complaint alleges that defendants South River and Plack knew that the collateral used for the loan was pledged to another lender and therefore acted fraudulently and breached the loan contracts with Hudson. \, \, The complaint alleges that defendants Hedgebay and Goodwyn owed a fiduciary duty to investigate and analyze the potential loan to the borrower and to not introduce Hudson to fraudsters like South River and Plack. Hudson Park seeks from all of the defendants collectively over $1 million in compensatory damages and unspecified punitive damages and Plaintiff’s legal fees. \, \, Hedgebay and Goodwyn refutes the allegations against them and intends to vigorously defend the action.