Investors might have sustained losses due to securities broker Elaine Marie Zito [CRD: 2849238, Scottsdale, Arizona], according to disclosures on FINRA BrokerCheck. Evidently, Zito worked for Newbridge Securities Corporation from November 28, 2016, to November 1, 2019. Read on to discover more about the disclosures involving Zito.
Newbridge Securities Corporation Investor Accused Zito Of Breach Of Fiduciary Duty
Notably, on July 21, 2025, a Newbridge Securities Corporation client filed FINRA Arbitration No. 25-01491 about Elaine Zito. Primarily, the client alleged that Zito violated both state and federal securities laws, breached a contract, was negligent, and breached her fiduciary duty. For this reason, the client allegedly sustained damages on alternatives involving GWG investments. Therefore, the client requested $325,000.00 in compensation from Newbridge Securities Corporation or Zito. This arbitration is pending a resolution.
Investor Accused Elaine Zito Of Negligence
Additionally, a Newbridge Securities Corporation client filed FINRA Arbitration No. 24-00842 about Elaine Zito. Mainly, the client alleged that Zito was negligent and breached her fiduciary duty concerning sales of non-traded real estate investment trusts. Consequently, on July 15, 2025, Newbridge Securities Corporation settled this matter by paying the client $2,500.00 in damages.
Zito Disclosed Breach Of Contract Allegations By Newbridge Securities Corporation Client
Also, a client of Newbridge Securities Corporation disputed Elaine Zito’s sales practices by filing FINRA Arbitration No. 23-00576. Allegedly, Zito was negligent, breached her fiduciary duty, and breached a contract relating to alternative investments. As a result, Newbridge Securities Corporation opted to settle the matter on September 11, 2024, by compensating the client in the amount of $30,000.00.
Did You Sustain Losses Because Of Securities Broker Elaine Zito?
Do you need clarification on any investment losses relating to Elaine Zito? You should contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer about a possible recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Zito and brokerage firms Zito worked for deny accusations referenced in public disclosures.