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Newbridge Securities Corporation Trading Products. Owners of GWG L Bonds, an alternative investment offered to regular investors across the nation by a network of brokerage firms, will find this announcement to be painful news. 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. Orion Wealth's Antoine Shamlee Lands $224K Investor Complaint The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois. Don't give up. The worst firms are more than five times as likely to have customer complaints over illiquid investments (30 percent) as all firms (1.16 percent), despite illiquid securities such as variable and indexed annuities, non-traded REITs, oil and gas products, equipment leasing, direct participation products (DPP) and other private placements. John Demeo of Newbridge Securities Corp. - Law Offices of Robert Wayne 1787 Views 0. . 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. To the extent any of these This copy is for your personal, non-commercial use only. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); *Our firm, in some cases, advance costs and expenses of the case, and in that event, are recovered from the gross recovery of any settlement or verdict. Steven Perlstein Joins Newbridge Financial, Inc. as its Vice President of Business Development for Digital Products and Services We have also documented several of the most significant cases involving Newbridge Securities broker misconduct. Please disable your ad-blocker and refresh. In March 2019, Newbridge Securities Corporation ("Newbridge") filed its Form X-17A-5, commonly called a firm's Focus Report, with the Securities & Exchange Commission ("SEC"). Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Should I file a FINRA complaint against brokers like Thomas John Avery? Newbridge Securities Corporation Announces New Global Headquarters needs and objectives. Newbridge Securities Financial Advisor, Peter Goffin, Has Nine Customer Complaints Newbridge Securities Corporation Financial Advisor, Michael Greenfield, Has Six Customer Complaints Newbridge Securities Broker, David Fagenson, Has Twelve Customer Complaints Reported On His Disclosure Report Newbridge Financial Advisor, Dana Davis, Has Eight Customer Complaints, Including Two Pending Complaints Wolper Law Firm Is Investigating Claims Against Financial Advisor, Xavier Patino Newbridge Securities Corp. Financial Advisor, Dana Davis, Has 7 Customer Complaints, Including One Pending Complaint Alleging Fraud And Breach Of Fiduciary Duty Can I Sue Newbridge Securities Corporation Or Salomon Whitney Financial To Recover Investment Losses Caused By Dennis Hayes. Arbitration panels have wiped these cases off brokers CRDs and BrokerCheck reports because they found that these firms not the broker were solely responsible, yet they vanish from the public record.. Newbridge Securities Corporation Recruits New York City Based Asset Management Group and Winter Park, Florida Group Advising in Excess of $400 Million in Client Assets 0. Thomas John Avery at NEWBRIDGE SECURITIES CORPORATION - View Complaints, Disclosures, Scams and Audit Report (Updated 2023) April 1, 2023. In our broker reviews, we discuss trading products, such as stocks, commodities, ETFs, forex, options, CFDs, bonds, indices, and cryptocurrencies. While "only 2.6 percent of the brokers at firms with more than 200 brokers have customer complaints, Aegis Capital (24.49 percent) and Newbridge Securities Corp. (24.27 percent) employ bad . December 2014 FINRA sanctioned the firm after allegations that it engaged in corporate bond transactions in which it failed to buy or sell the bonds at a fair price taking into consideration all applicable circumstances. Wednesday January 13, 2021 11:00 AM EST. August 2010 FINRA censured and fined Newbridge $600,000 after allegations that it facilitated the manipulative trading of the stock of a company created as the result of a reverse merger. This type of misconduct can damage market integrity and innocent harm investors. investments that are appropriate for their clients Unauthorized trading is a serious violation of an investors trust and can lead to major financial losses. | All rights reserved Site Map | Disclaimer | Privacy Policy Website by Gladiator Law Marketing, Duane Pellman (CRD#: 2426979) is a previously registered Broker and previously registered Investment Advisor. NEWBRIDGE SECURITIES CORPORATION: Street Address: 1200 NORTH FEDERAL HIGHWAY: City: BOCA RATON: State: FL: Area Code: 33432: 1200 NORTH FEDERAL HIGHWAY SUITE 400 . It also incorrectly reported more than 9,300 auditable events over 147 different business days. These are brokers who have a history of violations. He has 19 disclosures on his BrokerCheck record and was barred by FINRA in 2019. Many investors (presumably, . (CRD # 104065) has been a FINRA member since 2000 and is headquartered in Boca At the time of filing Labine reportedly had six regulatory events, two judgement liens, one employment separation, and 23 customer complaints on his broker report. FINRA further imposed a fine of $5,000 on the firms director of investment banking, and reportedly suspended him for two months for his failure to properly supervise the sale of the complex securities. Thomas John Avery at NEWBRIDGE SECURITIES CORPORATION - View Complaints 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. Michelle Lujan Grisham has signed emergency legislation to amend New Mexicos new medical malpractice statute in order to prevent a potential loss of insurance coverage for certain healthcareproviders. Contact us now for a free consultation! Yet, unfortunately, Newbridge Securities has not always lived up to this duty. While only 2.6 percent of the brokers at firms with more than 200 brokers have customer complaints, Aegis Capital (24.49 percent) and Newbridge Securities Corp. (24.27 percent) employ bad brokers (with complaints) at nearly 10 times that rate (see Table 1 below), McCann said. For more information on The White Law Group, visit. with clients. Bedminster Financial Group, Limited, Midtown Partners & Co., LLC, VFinance Six of Michael Greenfield's 8 customer complaints were settled in favor of investors. 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. involving a wide range of products, strategies and securities. How to Sue a Financial Advisor or Stockbroker Over Investment Losses, How to File a Complaint Against Your Financial Advisor or Stockbroker, Security Exchange Commission Complaint: How to Report Your Brokerage Firm or Advisor to the SEC. What are the Most Common Forms of Stockbroker Fraud? registered representatives to sell two private placement offerings using NFSG Promotes Jennifer Dorfman as CCO of its RIA National Investment Fraud Lawyers - No Recovery, No Fee -Call Us 1-800-856-3352, Investment Fraud Lawyers | Financial Advisor Fraud | SEC & FINRA Attorneys, Offices in Florida, New York, Arizona, Texas & North Carolina, Copyright 2023 Investment Fraud Lawyers, Haselkorn and Thibaut, InvestmentFraudLawyers.com, specialize in fighting for investors nationwide and have offices in Florida, New York, North Carolina, Arizona, and Texas. Although our offices are in Seattle, Washington and Chicago, Illinois, the firm reviews securities fraud cases throughout the country. -, Friday November 11, 2022 2:00 PM EST Registered broker-dealers are legally responsible for the actions of their investment advisors. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees. Life insurance and alternative investments are among the services provided by GWG Holdings, a financial services company with its headquarters in Dallas. Newbridge Securities Corporation in Financial Trouble As a result of the misconduct, direct financial harm was done to the firms clients. To send us an e-mail, simply complete and submit the online form below. Newbridge Securities Corporation (CRD # 104065) has been a FINRA member since 2000 and is headquartered in Boca Raton, Florida. A large number of customer complaints at Newbridge Securities Corporation also raises questions about . Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or The settlements, fines and arbitration awards put together have already cost Newbridge several million dollars. The firm was censured and fined $17,500. The issue pertained to the sale of structured products. Attach images - Only PNG, JPG, JPEG and GIF are supported. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Yes. against Newbridge on behalf of a Glendale, Arizona resident, requesting damages for alleged violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.

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