Cocuzzo is no longer with Newbridge. 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.. You may suffer significant losses at the hands of your financial advisors misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. Newbridge Financial, Inc. And Wholly Owned Subsidiary, Newbridge Financial Services Group, Inc. Shows 214% Growth in Assets Under Management. In this article you will find a running list of links to news stories about Newbridge Securities customer complaints and regulatory actions. The Financial Industry Regulatory Authority Inc. Atlanta, GA 30326 . The firm reportedly failed to adequately supervise the registered representatives who participated in the sales of unregistered securities, according to FINRA. Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. 100% online. We have also documented several of the most significant cases involving Newbridge Securities broker misconduct. The firm reportedly failed to adequately supervise the registered representatives who participated in the sales of unregistered securities, according to FINRA. 1787 Views 0. . Unauthorized trading is a serious violation of an investors trust and can lead to major financial losses. Newbridge Core Values The securities lawyers at Haselkorn & Thibaut have been investigating Newbridge Securities and the various allegations of unsuitable recommendations leveled against it such as for investments in GPB Capital Holdings, Hospitality Investors Trust REIT, and L Bonds of GWG Holdings, that have resulted in significant losses to investors. What current and prospective clients should know about complaints and regulatory actions against Newbridge Securities. However, as the fine is notably large, it is clear that this case involved very serious allegations of misconduct. Firm Does What Finra Won't: Rates 30 Worst Brokerage Firms The firm has 31 regulatory events and 4 arbitrations on its record, according to FINRA, the self-regulator that oversees brokers and brokerage . The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. 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. Post comment Against a revenue of $33 million in 2018, the firm had been able to net a profit of only $108 million. 1223556) has served as Newbridges Director of Investment Banking since 2015. 3010 and 2110, and FINRA Rule 2010., In total, Newbridge Securities a copy of the FINRA sanction, click here: Copy of FINRA Sanction. Newbridge Securities Corporation Enters into 5-Year Clearing Agreement with Axos Clearing LLC Suite 204, Fort Lauderdale, Florida, 33309, United States. Newbridge Securities Customer Complaints & Regulatory Actions Geral Cocuzzo, who pleaded guilty to his involvement in a securities fraud in 2016 around a $131 million Ponzi scheme. Financial advisors have a legal and View complaint history and get your dispute resolved quickly. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Please. 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.. 0. 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. Newbridge Securities Corporation (CRD # 104065) has been a FINRA member since 2000 and is headquartered in Boca Raton, Florida. "I spoke to Mr Sonn on a complex legal matter. [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. Newbridge Securities has over 80 locations in the US, ready to serve your financial needs, Newbridge Securities part of the Newbridge Financial Services family, Become an independent or corporate representative, Tuesday April 18, 2023 8:00 AM EST For a copy of Bruce Jordans CRD, click https://brokercheck.finra.org/individual/summary/1223556. They talked a big game and claimed to trade $4.8 billion on behalf of 100,000 investors and promised gains of 1 percent a day. Financial Advisor Michael R. Greenfield (Newbridge Securities Corp Most recently, on July 18th, 2017, Newbridge Securities was hit with a $499,000 fine by the Pennsylvania Department of Banking and Securities. Yet, unfortunately, Newbridge Securities has not always lived up to this duty. Newbridge Financial, Inc. And Wholly Owned Subsidiary, Newbridge Securities Corporation, Celebrate Their 20th Anniversary The firm is headquartered in Boca Raton, Florida, and it was established in 2001. 35% of employees would recommend working at Newbridge Securities to a friend and 27% have a positive outlook for the business. Do you have a complaint about Newbridge Securities? According to FINRA, the firm failed to get investors a fair market price on certain trades. and enforce supervisory systems and written supervisory procedures related to Many investors (presumably, . Between July 2013 and July 2016, Newbridge allegedly failed to establish and maintain a supervisory system, and failed to establish, maintain and enforce written supervisory procedures, concerning the sale of complex securities, according to a Letter of Acceptance, Waiver and Consent. Investment Losses? Philip Gibson: $135K Complaint Against Fort Lauderdale Advisor Many unregulated brokers have been found to scam traders. Peter Goffin has been in the securities industry since 1987 and previously worked at Wachovia Securities Financial Network, JW Charles Securities and Commvest Securities. is_redirect && ! It also has the unfortunate distinction of a large number of regulatory cases filed against it. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (AAA), JAMS, and in state and federal court. From our primary office in South Florida, we protect investors nationwide. Churning, failure to supervise, omissions, and misrepresentations can be possible grounds for filing a FINRA arbitration claim against the firm for recovery of losses. All broker-dealers have a responsibility to adequately supervise its employees. Fined $499K, this time by the Pennsylvania Department of Banking and Securities, for their failure in supervising a particular broker. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today! Newbridge Securities Corporation celebrates its Chief Market Strategist Don Selkin Based in Boca Raton, Florida, he has been a broker with Newbridge Securities Corporation since 2010. Newbridge Securities. November 2017 Numerous customer complaints, including those involving three retired Philadelphia police officers and a firefighter, were reportedly filed against Newbridge alleging that their financial advisor, Austin Dutton, did not properly warn them of the risks involved with the recommended investments. 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. His past registrations include Janney Montgomery Scott (Boca Raton . 0. Newbridge was censured and issued a fine of $138,000. The firm was ordered to pay a fine of $499,000. -, Thursday July 23, 2020 11:00 AM EST Roanoke consented to all non-monetary relief sought in the complaint and the court entered a final judgment of permanent injunction on September 27, 2006. Newbridge Securities Corporation financial advisor Dana Davis (CRD# 1707708) is accused of unsuitable investment recommendations and excessive trading. Numerous customer complaints, including those involving three retired Philadelphia police officers and a firefighter, were reportedly filed against Newbridge alleging that their financial advisor. August 2019 The White Law Group filed a FINRA lawsuit 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. Newbridge Securities Corporation - Better Business Bureau Newbridge Securities Corporation Scam Broker Review Start by filling out the form above and we will get in . Update 2022.11.15If you have suffered investment losses that may have been caused by Thomas John Averys negligence or fraud, contact a FINRA lawyer today. Thomas John Avery at NEWBRIDGE SECURITIES CORPORATION View Complaints, Disclosures, Scams and Audit Report (Updated 2023). This was for their failure to buy or sell corporate bonds at a fair price. However, the announcement of GWGs bankruptcy shows that the principal of L Bond investors is really at risk, and GWG investors are certain to sustain significant losses. investments that are appropriate for their clients In our broker reviews, we discuss trading products, such as stocks, commodities, ETFs, forex, options, CFDs, bonds, indices, and cryptocurrencies. needs and objectives. Specifically, these allegations stemmed from the firms sale of Unit Trust Investments (UTIs) to certain clients. He was direct and asked all the questions that were relevant and provided me with very thoughtful feedback and some useful contacts. Without admitting to or denying the allegations, Newbridge Securities consented to sanctions, including a $600,000 fine. The worst of these firms are truly extraordinary, McCann said. The settlements, fines and arbitration awards put together have already cost Newbridge several million dollars. The bonds are intended to assist in financing the purchase of the policies, but they come with a high level of risk for the investors. The worst firms appear to adhere to a high-risk business model, resulting in high continuing investor harm. contingency fee basis. For a copy of Newbridge Securities Newbridge Securities Corporation Hires Sonni Johnson to Head its Business Development/National Recruiting Initiatives These bonds differ from conventional corporate bonds and other risk-averse investments in that they carry substantial risk. CRD. Former LPL Financial Advisor Bradley Gardner Barred by FINRA. . For more information on The White Law Group, visit whitesecuritieslaw.com. -, Friday November 11, 2022 2:00 PM 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. released by the Financial Industry Regulatory Authority (FINRA), in September 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. In his career, Lawrence Labine has been the subject of 28 customer complaints that we know about, 2 of those complaints were filed in the last year to recover investment losses. According to publicly available records released by the Financial Industry . There have been several cases of registered representatives employed by Newbridge who were involved in broker misconduct and fraudulent activities. You can reach us by phone at 844-689-5754 or via e-mail. 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. Newbridge Securities Corporation Broker Misconduct. The order released did not specify the name of the broker who committed the wrongdoing, or the total amount of damage that was done to investors. A large number of customer complaints at Newbridge Securities Corporation also raises questions about . Thomas John Avery has previously been reprimanded and has disclosures and/or client dispute(s) listed at FINRA BrokerCheck. , and unauthorized trading, among many others. While the industry itself may concur with the secrecy, consumer groups and some securities experts do not. As such, we believe that part of our role as attorney is to offer a supportive environment for our clients and to provide advice and support as we attempt to recover these investment losses. 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. is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_1').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_1').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_1').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_1').val();gformInitSpinner( 1, 'https://8zle54.p3cdn1.secureserver.net/wp-content/plugins/gravityforms/images/spinner.svg', true );jQuery(document).trigger('gform_page_loaded', [1, current_page]);window['gf_submitting_1'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_1').replaceWith(confirmation_content);jQuery(document).trigger('gform_confirmation_loaded', [1]);window['gf_submitting_1'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_1').text());}, 50);}else{jQuery('#gform_1').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [1, current_page]);} );} ); In March of 2019, a Newbridge Securities customer filed a FINRA arbitration complaint, alleging that the broker-dealer: The underlying allegations in this case relate to significant investment losses sustained in non-traded real estate investment trust (REIT) offered by GPB Capital a company that is now being investigated for making material misrepresentations to investors and engaging in improper accounting practices. They must ensure the necessary procedures and systems to detect misconduct. $115,000 for allegedly failing to IDENTIFY AND APPLY SALES CHARGE DISCOUNTS TO LUDWIG INVESTMENTS, INC., NEWBRIDGE SECURITIES CORPORATION, NEWBRIDGE SECURITIES CORP. CRD#: 104065 /SEC#: 8-52538. 0. GABRIEL MARTIN ANTUNA at NEWBRIDGE SECURITIES CORPORATION - View You can fight back and get your money refunded. This was, allegedly, for the purpose of manipulating trading in a stock that resulted from a reverse merger. Our review of Vito Glazers is based on his attempt to hide critical reviews and information from the internet by intentionally forging a court order, impersonating a judge, doctoring his signature, and submitting a fake court order to Google. Thomas L. Bojadzijev ("Bojadzijev"), 29, resides in Orlando, Florida, and is The firm was censured and fined $17,500. at mwolper@wolperlawfirm.com. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Thomas John Avery at NEWBRIDGE SECURITIES CORPORATION - View Complaints This rating has been stable over the past 12 months. Newbridge Financial, Inc. And Wholly Owned Subsidiary, Newbridge Financial Services Group, Inc. Shows 214% Growth in Assets Under Management. 3:09 am These are brokers who have a history of violations. Newbridge Securities Corporation Trading Products. Censured and fined $17,500 by FINRA. McCann said his research on bad brokers, which dates back two decades, shows that instead of leaving the industry, bad apples are often re-employed at lower compensation and by less prestigious firms, than brokers who do not have customer complaints. Newbridge Securities Corp. is owned by Newbridge Financial Inc. and Jerry Weigle, and it is the parent company of Ludwig Investments, Inc., Newbridge Securities Corp., and Newbridge Securities Corporation. involving a wide range of products, strategies and securities. Fined $138K by FINRA. Bedminster Financial Group, Limited, Midtown Partners & Co., LLC, VFinance GABRIEL MARTIN ANTUNA at NEWBRIDGE SECURITIES CORPORATION - View Complaints, Disclosures, Scams and Audit Report (Updated 2023) April 8, 2023. Newbridge Securities Corporation: What Every Investor Should Know James Williams: $150K Complaint Against Boca Raton Advisor Contact me online or call anytime at 844-689-5754, What current and prospective clients should know about complaints and regulatory actions against Newbridge Securities. Currently, Finra only makes one broker record at a time available to customers through its BrokerCheck tool (https://brokercheck.finra.org/). Bruce H. Jordan (CRD # When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. They permitted these purportedly non-compliant transactions of unregistered stocks being sold by a few individuals through their accounts. Specifically, these allegations involved the buying and selling of corporate bonds. Thomas John Avery at NEWBRIDGE SECURITIES CORPORATION - View Complaints Complaint against Newbridge Securities Corporation? What we found is the worst brokerage firms over the past 10 years which are still in business remain the worst firms, said Craig McCann, CFA, PhD, and founder of SLCG, said in the firms white paper Rating Brokerage Firms by Their Complaint Histories Rather Than by Their Brokers Histories., The findings of SLCGs exhaustive, first-of-its-kind research are explosive and come from the Financial Industry Regulatory Authoritys own BrokerCheck data from 2007-2016, which SLCG has sliced and diced to rank the Worst Brokerage Firms.. If you have an ad-blocker enabled you may be blocked from proceeding. 2019, FINRA fined Newbridge Securities Corporation $250,000 and Bruce Jordan May 28, 2019 | by Shepherd Smith Edwards & Kantas, LLP. Newbridge was censured and issued a fine of $138,000. 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. Please disable your ad-blocker and refresh. 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. 3399 Peachtree Rd. Customers have alleged that the true risks of the bonds were not represented and not suitable. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); gform.initializeOnLoaded( function() {gformInitSpinner( 1, 'https://8zle54.p3cdn1.secureserver.net/wp-content/plugins/gravityforms/images/spinner.svg', true );jQuery('#gform_ajax_frame_1').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_1');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_1').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! 0. Powered by Intelligent Holdings. We want to hear it. Newbridge Securities is currently licensed to operate in all 50 U.S. states as well as in Washington DC, Puerto Rico and the Virgin Islands. Newbridge Securities Corporation Broker Misconduct. Contact :: Newbridge Securities By virtue of the foregoing, Newbridge violated FINRA Rule 3110 and FINRA Rule 2010. Newbridge Securities Corporation (CRD#: 104065) is a registered broker-dealer headquartered in Boca Raton, Florida. 41 branch offices. To view the original article at BROKERAUDIT.COM, you can visit https://www.brokeraudit.com/thomas-john-avery-newbridge-securities-corporation/. pay $499,000 for FAILING TO REASONABLY SUPERVISE ONE AGENT IN CONNECTION WITH -, Monday October 21, 2019 8:00 AM EST July 2017 The State of Pennsylvania sanctioned Newbridge Securities after allegations that it failed to reasonably supervise a registered representative in connection with the sales of structured products in the state. Davis has been registered with Newbridge Securities Corporation in New York, New York since 2006. . Newbridge-Securities-Corporation - Ratings & Complaint Resolution Corporation has 29 regulatory events and four arbitrations disclosed on its Newbridge Securities Corp. Regulatory Actions. Its a significant improvement over the firms previous rankings, but our current measure still misses cases which have been expunged, McCann says. While Finra has admitted it has ranked all 634,000 of the brokers it oversees since 2015, it continues to decline to release bigger-picture complaint and disciplinary data on firms to the industry or consumer groups. However, most of our clients were not aware their broker was problematic before they had already signed up. partner with a national law firm, where he represented some of the largest Newbridge investors that are concerned about their investment losses can call 1-888-614-9356 for a free consultation on investment loss recovery options from one our experienced investment attorneys. Entering text into the input field will update the search result below. Newbridge Securities Reviews: What Is It Like to Work At Newbridge Total. If Newbridge Securities Corporation shows any . Written by The White Law Group March 28, 2023 significant cases involving Newbridge Securities broker misconduct, Emerson Equity and Newbridge Securities Face Customer Complaints Over GWG L Bonds, Michael Robert Greenfield, Broker with Newbridge Securities, Named in Multiple Customer Disputes Alleging Negligence, Marshall Isaacson, Formerly of Newbridge Securities, Barred by FINRA After Refusing to Provide Documents and Information, Kerri Jamison, Broker with Newbridge Securities, Named in Customer Disputes Seeking Almost $400k, Travis Lippmann, Formerly of Newbridge Securities, Accused of Unsuitable Investment Recommendations, Martin Batstone, Formerly of Newbridge Securities, Barred by FINRA Following Allegations of Converting Funds, Tariq Sales, Formerly of Newbridge Securities, Facing Allegations of Negligence, Newbridge Securities Customer Files FINRA Arbitration Claim Over GPB Capital Losses, Broker Investigation: Dennis Allen Hayes Disciplined for Undisclosed Business Activity. When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through. -, Monday November 4, 2019 8:00 AM EST Member FINRA/SIPC, Steven Perlstein Joins Newbridge Financial, Inc. as its Vice President of Business Development for Digital Products and Services, Newbridge Securities Corporation Hires Sonni Johnson to Head its Business Development/National Recruiting Initiatives, NFSG Promotes Jennifer Dorfman as CCO of its RIA, Newbridge Securities Corporation Hires Peter Czarnomski to Head Customer Service Group, Newbridge Securities Corporation Recruits Chad Champion, Managing Director, Head of Equity Capital Markets, B. Riley Financial Announces Offering of $100 Million Senior Notes Due 2028 and "BBB+" Rating from Egan-Jones. October 24, 2017 (CRD # 104065) has been a FINRA member since 2000 and is headquartered in Boca Financial Industry Regulatory Authority records show that he is a broker with Newbridge Securities Corporation, doing business as Orion Wealth Management. The Bulletin reported that Jackie Dale Yeley filed the lawsuit on Thursday in Deschutes County Circuit Court through attorneys from the Barton Law Group. September 2019 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 structured notes and leveraged, inverse and inverse-leveraged exchange-traded funds.

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