McMillan v. Newbridge Securities, FINRA ID #12-01880 (Boca Raton, FL, 6/24/2013) - Two clients recover $983,200, including damages and interest, against a broker who allegedly stole funds from numerous accounts. THE FOLLOWING IS FROM FINRA'S WEBSITE: CASE SUMMARY Claimants asserted the following causes of action: breach of fiduciary duty; negligence; negligent supervision; violation of Article […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, March, 2013.” Newbridge Securities Corporation (CRD #104065, Ft. Lauderdale, Florida) was censured, fined $50,000, and required to revise its WSPs to address the requirements of an imposed undertaking, relating to its handling fee on equity security trades, and provide related training to […]

Soreide Law Group is filing FINRA Arbitrations on behalf of investors who invested in Direxion 3x Funds: FAZ, ERY, BGZ, and TZA.  Leveraged ETF’s have now imploded and regulators and investors have finally woken up and are beginning to pay attention. Major fines have just been handed down to the industries top brokerage houses for […]

In a November 16th., 2011, Sun-Sentinnel article, Donna Gehrke-White writes that a Ft. Lauderdale brokerage was fined $20,000, a Plantation broker was suspended for two years and a Coral Springs man was barred from working with any brokerage, according to November's report on disciplinary action taken by FINRA, the private regulatory agency that oversee securities companies. Newbridge […]

Newbridge Securities Corporation (CRD #104065, Fort Lauderdale, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $20,000.   Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to provide material information to customers […]