Boca Raton, FL
July 2017 UPDATE– Gerald Cocuzzo was sentenced to 18 months in prison after pleading guilty to securities fraud for his participation in the manipulation of Forcefield Energy, Inc. (FNRG) , a publicly traded company. Link to Department of Justice press release.
MAY 2017 UPDATE–Gerald Cocuzzo’s FINRA record discloses 2 pending arbitrations:
- FINRA case # 16-01684-a customer of Newbridge Securities alleges that Cocuzzo overconcentrated their account, breached his fiduciary duty and violated California securities laws. No specific damages are stated.
- FINRA case# 16-3501 seeks damages of $52,000 and alleges that the investment in Forcefield Energy Corp was fraudulent.
ORIGINAL POST-November 2016-
The US Attorney’s Office announced that former Newbridge Securities stock broker Gerald Cocuzzo, pleaded guilty to securities fraud in connection with the fraudulent marketing of ForceField Energy, a publicly traded company with the symbol FNRG.
According to the release between 2009-2015, Cocuzzo and others manipulated the price of ForceField a purported worldwide distributor of LED lighting products causing losses of $131,000,000.
Cocuzzo faces up to 20 years in prison.
Cocuzzo was employed by Newbridge Securities from 12/2014-5/2016 and prior to that was employed by IAA Financial from 9/2009/1/2015.
If you suffered losses due to recommendations by Gerald Cocuzzo to purchase risky investments, including Forcefield Energy (FNRG), contact us to learn how you may be able to collect damages from the brokerage firm that employed Cocuzzo.
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.
Florida-561 391 1900