The research was originally published in The Journal of Investing in June. Thomas John Avery at NEWBRIDGE SECURITIES CORPORATION - View Complaints 2015 by The White Law Group, LLC All rights reserved. According to publicly available records released by the Financial Industry . GABRIEL MARTIN ANTUNA at NEWBRIDGE SECURITIES CORPORATION - View The Securities Litigation & Consulting Group (SLCG) has done what regulators have repeatedly declined to do published the worst ranked brokerage firms in the securities industry. Most recently, on July 18th, 2017, Newbridge Securities was hit with a $499,000 fine by the Pennsylvania Department of Banking and Securities. Post comment Davis has been the subject of eight customer complaints between 1997 and 2018, one of which . a copy of the FINRA sanction, click here: Copy of FINRA Sanction. 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. registered representatives to sell two private placement offerings using There are disclosures, allegations, or complaints filed against Thomas John Avery. Newbridge Securities Corporation Scam Broker Reviews For example, in 2014, Daniel Pikula (CRD#: 2563165), a Newbridge Securities broker based in an office in West Palm Beach, Florida, was suspended and fined for engaging in unauthorized trading. We pride ourselves on providing quality legal services to our clients and handle securities fraud cases throughout the country. Aegis Capital and Newbridge did not return calls for comment by press time. Cocuzzo is no longer with Newbridge. Their employing brokerage firm has a legal and regulatory We can be reached at 800.931.8452 or by email Please do not hesitate to call us today at 844-689-5754 to request a free review of your case. Newbridge Securities Corporation financial advisor Dana Davis (CRD# 1707708) is accused of unsuitable investment recommendations and excessive trading. For a free case consultation, you can call at1-888-614-9356 contact us via our online form. Atlanta, GA 30326 The firm reportedly failed to adequately supervise the registered representatives who participated in the sales of unregistered securities, according to FINRA. 0. Newbridge Securities Corporation Review - Get Refunded from Online Scams Thomas John Avery at NEWBRIDGE SECURITIES CORPORATION - View Complaints, Disclosures, Scams and Audit Report (Updated 2023) April 1, 2023. private offerings sold to its customers, and failed to conduct adequate due 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. $25,000 after it consented to findings that it failed to establish, maintain, Geral Cocuzzo, who pleaded guilty to his involvement in a securities fraud in 2016 around a $131 million Ponzi scheme. May 28, 2019 | by Shepherd Smith Edwards & Kantas, LLP. 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. Publishing a list with peoples names, where we havent proven any violations, there would be challenges to that, Axelrod said. Investments, Sterling Financial Investment Group, Inc., and Joseph Charles 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. Brokerage firms have a legal responsibility to always look out for the best interests of their clients. The worst 12 firms down through Bethel Fisher (Table 1 below) have five times that complaint level of the industry average of 2.6 percent, he added. -, Wednesday December 11, 2019 8:00 AM EST Numerous customer complaints, including those involving three retired Philadelphia police officers and a firefighter, were reportedly filed against Newbridge alleging that their financial advisor. 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. Thomas John Avery at NEWBRIDGE SECURITIES CORPORATION - View Complaints, Disclosures, Scams and Audit Report (Updated 2023) By The Dirt April 1, 2023 4 Mins Read. There is currently one pending customer complaint filed against Newbridge Securities Corp. for investment losses caused by John Demeo's alleged misconduct. The bonds were sold with varied maturity terms ranging from 2 years to 7 years, with interest rates ranging from 5.50 percent to 8.50 percent, according to a prospectus released by GWG for the issuance of $2 billion in L Bonds. Newbridge Securities Corporation Review - Scam Search 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. Newbridge allegedly allowed the sale of LJM on its platform without conducting reasonable due diligence and without a sufficient understanding of its risks and features, including the fact that the fund pursued a risky strategy that relied on purchasing uncovered options. diligence for 15 different unregistered offering in violation of NASD Rules In 2017, Newbridge was ordered to 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. Has James Ray Caused You Financial Loss? (Newbridge Securities) Unauthorized trading is a serious violation of an investors trust and can lead to major financial losses. Newbridge Securities Corporation in Financial Trouble Complaint History & Business Rating for Newbridge Securities Corporation 1451 West Cypress Creek Blvd. Dean Nowak of Newbridge Securities Corp. - Law Offices of Robert Wayne Suite 204, Fort Lauderdale, Florida, 33309, United States. 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. 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. Newbridge Securities Corporation (CRD#: 104065) is a registered broker-dealer headquartered in Boca Raton, Florida. released by the Financial Industry Regulatory Authority (FINRA), in September GABRIEL MARTIN ANTUNA at NEWBRIDGE SECURITIES CORPORATION - View banks and brokerage firms in the world in securities matters. 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. 0. 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. 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. 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. In 2010 the complaint reached a settlement of $850,000. 2019, FINRA fined Newbridge Securities Corporation $250,000 and Bruce Jordan 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. -, Thursday July 23, 2020 11:00 AM EST 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. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. 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. If Finra unshackled BrokerCheck, researchers would come up with innovative ways to reach and inform unsophisticated investors about high-risk brokers and brokerage rms, McCann said in the firms white paper. NFSG Promotes Jennifer Dorfman as CCO of its RIA Recently many customers of Newbridge Securities Corp. have filed Financial Industry Regulatory Authority (FINRA) arbitration claims for recovery of investment losses against it and named several of its financial advisors in their claims. The firm is headquartered in Boca Raton, Florida, and it was established in 2001. Newbridge Financial, Inc. And Wholly Owned Subsidiary, Newbridge Financial Services Group, Inc. Shows 214% Growth in Assets Under Management. CERTAIN CUSTOMERS ELIGIBLE PURCHASES OF UNIT INVESTMENT TRUSTS (UITS).. Philip Gibson: $135K Complaint Against Fort Lauderdale Advisor Peter Goffin has been in the securities industry since 1987 and previously worked at Wachovia Securities Financial Network, JW Charles Securities and Commvest Securities. 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. Specifically, these allegations stemmed from the firms sale of Unit Trust Investments (UTIs) to certain clients. Without admitting or denying any wrongdoing in this case, the company consented to the sanctions and agreed to pay the penalty. 0. 0. FINRA investigators determined that this broker exercised discretionary trading authority on a customers account, despite that fact that he did not have the written authorization to do so. -, Monday November 4, 2019 8:00 AM EST Start by filling out the form above and we will get in . Written by The White Law Group March 28, 2023 Between October 25, 2016, and February 8, 2018, Newbridge reportedly failed to reasonably supervise representatives recommendations of the LJM Preservation & Growth Fund. I use this blog to bring attention to regulatory filings involving financial advisors, current events in securities and cases in the financial services industry, and to help investors understand their rights and options for financial recovery. Newbridge Securities Corporation Review - Is it Legit? Scam Check Bruce H. Jordan (CRD # 1223556) has served as Newbridge's Director of Investment . Newbridge Securities Corp's Kerri Jamison Facing Suitability Questions LUDWIG INVESTMENTS, INC., NEWBRIDGE SECURITIES CORPORATION, NEWBRIDGE SECURITIES CORP. CRD#: 104065 /SEC#: 8-52538. 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. SLCG hopes its research will spur Finra to release its data so firms such as Lipper and Morningstar can develop methodologies for rating and ranking firms based on their customer complaint track record, McCann said. If you have an ad-blocker enabled you may be blocked from proceeding. Newbridge Securities Corp Financial Advisor, Kerri Jamison, faces a series of complaints from customers who accused her of making unsuitable investment recommendations.Jamison has been in the securities industry since 2001, having worked at Dewaay Financial Network before joining Newbridge Securities.. Jamison is among several brokers at Newbridge Securities Corp that have been flagged for . Newbridge Securities Corporation Trading Products. securities business and employs approximately 175 registered representatives at Investigation of Newbridge Securities Corporation Broker Jeffrey Eglow They permitted these purportedly non-compliant transactions of unregistered stocks being sold by a few individuals through their accounts. Save my name, email, and website in this browser for the next time I comment. The firm has 31 regulatory events and 4 arbitrations on its record, according to, Broker Misconduct and Customer Complaints. The firm was censured and fined $17,500. In our broker reviews, we discuss trading products, such as stocks, commodities, ETFs, forex, options, CFDs, bonds, indices, and cryptocurrencies. While the industry itself may concur with the secrecy, consumer groups and some securities experts do not. At the Sonn Law Group, we have helped many investors recover compensation for the full extent of their losses. 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. Newbridge Securities Corporation Hires Peter Czarnomski to Head Customer Service Group June 2016 - FINRA censured and fined the firm $115,000 after allegations that it failed to apply sales charge discounts to certain investors eligible investments in unit investment trust products (UITs). Entering text into the input field will update the search result below. 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 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. Finra did not respond to a request for comment by deadline. Newbridge Securities Corp. Fraud and/or Investment Loss - Wolper 10-12-2019 - Newbridge Securities Corporation Enters into 5-Year Clearing Agreement with Axos Clearing LLC. 1787 Views 0. . Major findings include: The more heavily a firms customers are concentrated in equity products, the more likely the firms misconduct involves excessive trading in client accounts. Lawrence Labine of Newbridge Securities Corporation Newbridge Securities Corporation Enters into 5-Year Clearing Agreement with Axos Clearing LLC These are brokers who have a history of violations. One of John Demeo's 3 customers' complaints was settled in favor of investor. "We do not believe the Puerto Rico complaints represent an accurate measure of SSLLCs sales or supervisory practices.". Business Incorporated: complaints/lawsuits against Newbridge are the result of GWG Holdings L Bonds, GWG Holdings, Inc. submits a bankruptcy petition, Newbridge Securities appears to be a haven for rogue brokers. Nearly 95 percent of the 146 customer complaints pending against Santander Securities in 2016 involved the sale of illiquid securities, SLCG found. 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.

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