Newbridge Securities Customer Complaints & Regulatory Actions This type of misconduct can damage market integrity and innocent harm investors. In August 2010, FINRA found that Newbridge Securities was guilty of facilitating the manipulation of trades, a direct violation of SEC Rule 10b-5. Newbridge Securities Corp. Regulatory Actions. Based in Boca Raton, Florida, he has been a broker with Newbridge Securities Corporation since 2010. $115,000 for allegedly failing to IDENTIFY AND APPLY SALES CHARGE DISCOUNTS TO According to FINRA, the firm failed to get investors a fair market price on certain trades. Newbridge Core Values 100% online. regulatory obligation to recommend only suitable SLCGs ratings reveal that firms it ranked as: The worst brokerage firms over the past 10 years that are still in business remain among the worst firms. The office of Governor Lujan Grisham stated that she signed the bill on Wednesday and appreciated the Legislatures action during the recent special session on redistricting [], A jury awards $26 million in a negligence case, a Nebraska record, A Douglas County jury has awarded $26.1 million to a family from Sarpy County who sued Childrens Hospital and Medical Center in Omaha after their child was sent home after an accidental fall and then suffered seizures that left her permanently disabled; however, this amount could be drastically reduced due to a state cap on [], Utah judge to rule on state abortion clinic moratorium next week, The Planned Parenthood Association of Utah argued in court on Friday that a ban on abortion clinics would functionally eliminate abortion access if implemented as scheduled next week. While the industry itself may concur with the secrecy, consumer groups and some securities experts do not. If you have traded with Newbridge Securities Corporation and believe you have been scammed by them you have a chance to get your money back. Newbridge Securities Corporation Hires Peter Czarnomski to Head Customer Service Group Brokers Background He entered the securities industry in 1999 and previously worked for Intercarolina Financial Services, Inc.; Principal Securities, Inc.; WR Rice Financial Services, Inc.; GWN Securities, Inc.; Lincoln Investment; Waddell & Reed, Inc.; and Dean Witter Reynolds, Inc. Current And [], Miche Jean (CRD#: 5918186) is a previously registered Broker and Investment Adviser. -, Monday October 21, 2019 8:00 AM EST GWG listed several factors in its filing for bankruptcy protection, including liquidity problems and an SEC probe. David Fagenson, who was hired by Newbridge after he had been fired by UBS Financial Services for violation of their trading policies, despite being under heightened supervision at the time. allegedly SUBMITT[ING] UNAUTHORIZED PROXY VOTES ON BEHALF OF ITS CLIENTS., Also in 2016, Newbridge was fined Atlanta, GA 30326 NEWBRIDGE SECURITIES CORPORATION: Street Address: 1200 NORTH FEDERAL HIGHWAY: City: BOCA RATON: State: FL: Area Code: 33432: *by appointment only. 1223556) has served as Newbridges Director of Investment Banking since 2015. March 2017 FINRA sanctioned Newbridge Securities after allegations it failed to report 9,398 reportable order events to the order audit trail system on 147 separate business days, and additionally that the firm transmitted 1,017 reports with inaccurate, incomplete, or improperly formatted information. He was direct and asked all the questions that were relevant and provided me with very thoughtful feedback and some useful contacts. Michael Greenfield of Newbridge Securities Corporation 1200 NORTH FEDERAL HIGHWAY, BOCA RATON, FL, 33432, Visit https://brokercheck.finra.org/firm/summary/104065 to read a detailed report for NEWBRIDGE SECURITIES CORPORATION, Were not sure. The firm allegedly permitted control persons to sell unregistered securities through firm accounts, and the sales were not made in compliance with any applicable exemption from registration. losing money due to securities broker fraud, https://www.brokeraudit.com/thomas-john-avery-newbridge-securities-corporation/, $40 million awarded to Delco child with a spinal injury in a medical malpractice suit, The 6-year-old daughter of a Pennsylvania state representative has been awarded more than $40 million in compensation for a birth-related spinal cord injury. GABRIEL MARTIN ANTUNA at NEWBRIDGE SECURITIES CORPORATION - View Complaints, Disclosures, Scams and Audit Report (Updated 2023) April 8, 2023. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. By virtue of the foregoing, Newbridge violated FINRA Rule 3110 and FINRA Rule 2010. Cocuzzo is no longer with Newbridge. For more information about The White Law Group call our Chicago office at 312-238-9650 or visit us on the web at http://www.whitesecuritieslaw.com. When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through. Financial Advisor Michael R. Greenfield (Newbridge Securities Corp A 22-21 vote Thursday is the third time a near-total abortion ban has failed in the Republican-led chamber since the United States [], Oregon man sues for $43.5M over paralysis caused by brain surgery, A man from La Pine is suing Bend, Oregons St. Charles Health System for $43.5 million after complications from brain surgery rendered him incapacitated. Shares. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Newbridge Securities Corp.,a mid-sized broker-dealer based in Boca Raton, FL with 35 regulatory event disclosures, has a history of compliance problems, according to an article in Investment News. Tirzepatide, an Eli Lilly and Co. drug approved to treat type 2 diabetes under the brand name Mounjaro, helped people with the [], Vito Glazers Perjury and Fraud Investigation 2023. That being said, if we are showing up at a firm asking for information on a particular registered person and coming on site to interview that person, thats a clue theyre on a high-risk broker list.. GABRIEL MARTIN ANTUNA at NEWBRIDGE SECURITIES CORPORATION - View In June of 2016, FINRA fined Newbridge Securities $115,000 and ordered the firm to pay $188,803.99 in restitution to affected customers for failing to apply sales charge waivers to client accounts. Newbridge engages in a general securities business and employs approximately 175 registered representatives at 41 branch offices. "The vast majority of complaints referenced in this study are related to Puerto Rico, which has experienced an historic economic downturn," a company statement said. A number of investors who bought GWG L Bonds through the brokerage Newbridge Securities are represented by Haselkorn & Thibaut. Newbridge Financial, Inc. And Wholly Owned Subsidiary, Newbridge Securities Corporation, Celebrate Their 20th Anniversary Newbridge Securities Corporation Trading Products. NEWBRIDGE SECURITIES CORPORATION: Street Address: 1200 NORTH FEDERAL HIGHWAY: City: BOCA RATON: State: FL: Area Code: 33432: Aegis Capital and Newbridge did not return calls for comment by press time. The Financial Industry Regulatory Authority Inc. reportedly censured Newbridge Securities and fined the firm $225,000 for having failed to adequately supervise the sale of complex securities such as. Loading. It claims that it provides services in over 80 locations countrywide. Orion Wealth's Antoine Shamlee Lands $224K Investor Complaint (CRD # 104065) has been a FINRA member since 2000 and is headquartered in Boca Newbridge Securities Corporation financial advisor Philip Gibson (CRD# 2905474) allegedly committed fraud, according to a pending investor complaint against him. As a result, investors ended up paying far more than was necessary or appropriate given the circumstances. One of John Demeo's 3 customers' complaints was settled in favor of investor. March 2017 FINRA sanctioned Newbridge Securities after allegations it failed to report 9,398 reportable order events to the order audit trail system on 147 separate business days, and additionally that the firm transmitted 1,017 reports with inaccurate, incomplete, or improperly formatted information. investments that are appropriate for their clients GABRIEL MARTIN ANTUNA at NEWBRIDGE SECURITIES CORPORATION - View FINRA Censures and Fines Newbridge Securities Corp. March 2023 Newbridge this week agreed to sanctions involving supervisory failures and sales of a risky alternative mutual fund. [Attorney Bio], 1250 S. Pine Island Road, Suite 325 Plantation, FL 33324 Phone: 800.931.8452 / 954.406.1231, 2022 The Wolper Law Firm, P.A. Between October 25, 2016, and February 8, 2018, Newbridge reportedly failed to reasonably supervise representatives recommendations of the LJM Preservation & Growth Fund. There are disclosures, allegations, or complaints filed against Thomas John Avery. Thomas John Avery at NEWBRIDGE SECURITIES CORPORATION - View Complaints, Disclosures, Scams and Audit Report (Updated 2023) Posted on April 1, 2023 April 1, 2023 Less than 0 min read Saving Bookmark this article Bookmarked. In this article you will find a running list of links to news stories about Newbridge Securities customer complaints and regulatory actions. at mwolper@wolperlawfirm.com. As a result of the misconduct, direct financial harm was done to the firms clients. June 2016 Newbridge agreed to be censured and fined $115,000 after allegations that it failed to apply sales charge discounts to certain investors eligible investments in unit investment trust products (UITs). Post comment New York City NY, 10006 Investors are now concerned about the condition of these investments and the potential loss of principal after GWG sold L Bonds valued at billions of dollars over the course of several years. 2019, FINRA fined Newbridge Securities Corporation $250,000 and Bruce Jordan represents investors nationwide in securities litigation and arbitration on a 76 percent of the customer complaints still pending against Newbridge Securities LLC came from equities, SLCG found. FINRA sanctioned Newbridge Securities after allegations it failed to report 9,398 reportable order events to the order audit trail system on 147 separate business days, and additionally that the firm transmitted 1,017 reports with inaccurate, incomplete, or improperly formatted information.
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