Marshall Owen Isaacson, a former broker with Newbridge Securities of Boca Raton, Florida, was recently barred by FINRA for allegedly making unsuitable investment recommendations to his clients.
According to FINRA, without admitting or denying FINRA’s findings, Marshall Owen Isaacson consented to the sanction and to the entry of findings that he allegedly refused to provide documents and information requested by FINRA in connection with FINRA’s investigation into whether he made unsuitable investment recommendations.
Marshall Owen Isaacson, according to FINRA’s BrokerCheck, was in the securities industry for 35 years and has 10 disclosures on his CRD report with FINRA. Of the 10 disclosures, 6 are customer disputes. In March of 2016, the first customer dispute against Isaacson, settled for $215,000.00 following allegations of, “unauthorized trading and suitability.” There are three other customer disputes that have settled which alleged, breach of contract, suitability, and breach of fiduciary duty. The settlements ranged from $11,125 up to $92,000. The two remaining disputes are pending.
Marshall Owen Isaacson, according to BrokerCheck, has been listed with 12 firms. The most recent are listed below:
06/29/2016 – 05/22/2019 NEWBRIDGE SECURITIES CORPORATION – BOCA RATON, FL
08/10/2007 – 07/05/2016 NATIONAL SECURITIES CORPORATION – BOCA RATON, FL
According to a recent article in Financial Advisor IQ, Newbridge Securities seems to be the taget of regulators in recent years. In 2016, Newbrige Securities settled FINRA allegations claiming that it allegedly failed to apply discounts to certain investment transactions leading to customers overpaying in certain investment transactions over, $172,000. In 2015, Newbridge Securities paid a $138,000 fine over allegations of trading corporate bonds at unfair prices. In 2013, Newbridge Securities paid a $50,000 following allegation regarding the disclosure of transaction-based fees.
If you’ve suffered investment losses due to the actions or recommendations of the former broker, Marshall Owen Isaacson, who was previously listed with NEWBRIDGE SECURITIES CORPORATION of BOCA RATON, FL, contact the Pompano Beach, Florida-based Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents clients in all 50 states before FINRA. We operate on a contingency fee basis—no fee to you if no recovery.