GABRIEL MARTIN ANTUNA at NEWBRIDGE SECURITIES CORPORATION - View 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. In 2010 the complaint reached a settlement of $850,000. 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. Many investors (presumably, . The South Carolina Senate has once again rejected a near-total abortion ban, South Carolina senators voted down a bill that would have prohibited nearly all abortions in a conservative state that has increasingly treated patients in an area where Republican politicians have traditionally restricted access. These are brokers who have a history of violations. When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through. We can be reached at 800.931.8452 or by email 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 . The result of this practice was that the stock price was temporarily pumped up, allowing certain parties to manipulate the market for financial gain. 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. -, Wednesday January 20, 2021 7:48 AM EST Atlanta, GA 30326 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. Wednesday January 13, 2021 11:00 AM EST. memoranda that contained material omissions of facts in violation of FINRA Rule -, Tuesday November 15, 2022 8:00 AM EST Contact our office today to discuss your case. 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. In our broker reviews, we discuss trading products, such as stocks, commodities, ETFs, forex, options, CFDs, bonds, indices, and cryptocurrencies. 0. 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. NEWBRIDGE SECURITIES CORPORATION: Street Address: 1200 NORTH FEDERAL HIGHWAY: City: BOCA RATON: State: FL: Area Code: 33432: NE 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). Newbridge Securities Corporation Scam Broker Review Orion Wealth's Antoine Shamlee Lands $224K Investor Complaint Newbridge engages in a general Many investors (presumably, . private offerings sold to its customers, and failed to conduct adequate due 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 Bedminster Financial Group, Limited, Midtown Partners & Co., LLC, VFinance We want to hear it. Six of Michael Greenfield's 8 customer complaints were settled in favor of investors. securities business and employs approximately 175 registered representatives at 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. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Geral Cocuzzo, who pleaded guilty to his involvement in a securities fraud in 2016 around a $131 million Ponzi scheme. 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. The White Law Group is investigating potential securities claims involving Newbridge Securities Corp. (CRD#: 104065, Boca Raton, FL). Reason to suspect a scam broker is in action: You noticed the broker took money out from your bank account without your permission. 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. John Demeo of Newbridge Securities Corp. - Law Offices of Robert Wayne Davis has been registered with Newbridge Securities Corporation in New York, New York since 2006. . 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. Newbridge Securities Corporation Enters into 5-Year Clearing Agreement with Axos Clearing LLC Firm Does What Finra Won't: Rates 30 Worst Brokerage Firms $5,000 for the following alleged violations resulting from a FINRA examination: For Specifically, FINRA enforcement staff found that representatives of Newbridge Securities were engaged in a complex scheme that was designed to increase the volume of trades on a particular stock. Investment Losses? 0. Loading. Rather than weeding bad brokers out of the industry, the regulatory environment and labor market sifts bad brokers down the quality ladder over time into brokerage firms with loose hiring practices and law compliance ethics and these bad brokerage firms specialize in preying on unsophisticated investors, McCann added. Without admitting to or denying the allegations, Newbridge Securities consented to sanctions, including a $600,000 fine. 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. The transactions in question qualified the customers for discounts and sales charge waivers, yet Newbridge Securities failed to properly identify and apply these cost savings.