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Newbridge Securities Censured/Fined by FINRA

Newbridge Securities Censured/Fined by FINRA 150 150 Rex Securities Law

Newbridge Securities Corporation, Ft. Lauderdale, FL was recently fined $32,500 and censured by FINRA for inadequate written supervisory procedures related to the review and approval of outgoing wires for customers regarding the transfer of funds or securities by a customer to a bank account. As a result of these inadequate procedures a former Newbridge broker converted over $160,000 from two customer accounts by wiring funds from their accounts to bank accounts the broker had opened in the customer names. FINRA Case 2013035775601.

Newbridge paid restitution to the customers.

If you have suffered losses in your brokerage account you may be able to recover all or a part of those losses through FINRA arbitration.

Rex Securities Law , located in Boca Raton, FL, 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.

Rex Securities Law

561 391 1900

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