February 27, 2015- Ft. Lauderdale, FL
The InvestmentNews reports that Newbridge Securities Corp. , which is headquartered in Ft. Lauderdale, Florida, has agreed to pay $850,000 to resolve a class action lawsuit alleging that Newbridge overcharged clients for postage and handling of their securities transactions. The case Remington , et al v Newbridge Securities Corp. , which was pending in U.S. District Court for the Southern District of Florida, includes clients who had accounts with Newbridge from June 2008-January 2013.
In December 2014, Newbridge was fined $138,000 by FINRA for allegedly failing to buy and sell bonds at a fair price for their customers. FINRA Case #2009019877901 .
Newbridge Securities‘ firm summary on the FINRA website, which can be viewed here, lists 22 regulatory events and 6 arbitrations.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Nationwide Representation
TollFree: 877-224-3199
Florida-561 391 1900
Texas-512-329-2870