INVESTIGATION

Newbridge Securities Corp., founded in 2000 and headquartered in Boca Raton, Florida, operates a sprawling network with over 80 offices across the United States. Despite its extensive presence, the firm has faced significant legal challenges, including over thirty regulatory cases and numerous FINRA arbitration claims. These actions have arisen primarily from allegations that Newbridge and its financial advisors recommended unsuitable investments, particularly involving GWG Holdings L Bonds, GPB Capital, and other non-traded products. Investors have claimed these investments were misrepresented in terms of risk and suitability, resulting in substantial financial losses.

The firm has reportedly settled many of these cases, resulting in substantial fines, settlements, and arbitration awards totaling millions of dollars. In early 2019, Newbridge Securities disclosed revenues of approximately $33 million for the year, but with a net profit of only about $108,000, raising concerns about its financial stability.