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Newbridge Securities Fined $499,000 For Failing to Supervise Sale of Structured Products

Newbridge Securities Fined $499,000 For Failing to Supervise Sale of Structured Products

Newbridge Securities Fined $499,000 For Failing to Supervise Sale of Structured Products 150 150 Rex Securities Law

July 2021-Boca Raton, FL

Boca Raton, FL based brokerage firm Newbridge Securities Corp. discloses 29 regulatory events on their publicly available FINRA record.

Recent regulatory sanctions include:

9/2019-FINRA sanctioned Newbridge and assessed a $225,000 fine to resolve allegations that the firm failed to reasonably supervise the sale of structured products such as ETFs and private placements.

7/2017-Pennsylvania regulators fined Newbridge $499,000 for failing to reasonably supervise an agent who sold structured products to residents in Pennsylvania.

Newbridge Securities has over 80 locations nationwide.

A Newbridge Securities broker from Doylestown, PA, Austin Dutton Jr., was fined $200,000 in 2017 by Pennsylvania securities regulators for dishonest and unethical practices in connection with the sale of REITs. Twenty one customers of Dutton were paid over $600K for losses on REITs and other structured investments. Follow this link for more information.

If you have questions about losses in an account at Newbridge Securities, call to learn how you may be able to recover damages through FINRA arbitration.

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

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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