Pick all the topics you are interested in to fill your homepage with stories you'll love. Investments, Sterling Financial Investment Group, Inc., and Joseph Charles Supervisory failures invited a fine of $225K from FINRA. One aspect of this obligation is that brokers must ensure that customers always get the best available price. Publishing a list with peoples names, where we havent proven any violations, there would be challenges to that, Axelrod said. The claim alleges former Newbridge financial advisor. The South Carolina Senate has once again rejected a near-total abortion ban, South Carolina senators voted down a bill that would have prohibited nearly all abortions in a conservative state that has increasingly treated patients in an area where Republican politicians have traditionally restricted access. The firm currently holds 52 licenses for U.S. States and Territories with over 80 office locations doing $17.5 million in revenue. Finra did not respond to a request for comment by deadline. Based in Boca Raton, Florida, he has been a broker with Newbridge Securities Corporation since 2010. The firm was censured and fined $17,500. The claim alleges former Newbridge financial advisor Lawrence Labine (Larry Labine), unsuitably invested his client in high-risk alternative investments. In the period of a year, that would be a return of 250%, which is 25 times higher than the average return of the S&P 500. Newbridge Securities is currently licensed to operate in all 50 U.S. states as well as in Washington DC, Puerto Rico and the Virgin Islands. November 2017 Numerous customer complaints, including those involving three retired Philadelphia police officers and a firefighter, were reportedly filed against Newbridge alleging that their financial advisor, Austin Dutton, did not properly warn them of the risks involved with the recommended investments. By virtue of the foregoing, Newbridge violated FINRA Rule 3110 and. The research was originally published in The Journal of Investing in June. According to the Financial Industry Regulatory Authority, James Williams holds 34 years of securities industry experience. The settlements, fines and arbitration awards put together have already cost Newbridge several million dollars. $5,000 for the following alleged violations resulting from a FINRA examination: For "I spoke to Mr Sonn on a complex legal matter. released by the Financial Industry Regulatory Authority (FINRA), in September Call us now for a free consultation at. SALES OF STRUCTURED PRODUCTS IN PENNSYLVANIA, In 2016, Newbridge was fined $25,000 for The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Financial advisors have a legal and Please research Thomas Averys disclosures, allegations and complaints before taking a decision, Originally reported on November 15, 2022 @ 11:41 pm.
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