There are options for clients of former Newbridge Financial Services Group, Inc. broker Kenneth Arena (CRD# 6997), who is accused of alternative investment losses. He has been registered with Cetera Wealth Services, LLC in Pompano Beach, Florida, since 2023, and
Cetera Investment Advisers LLC in Pompano Beach, Florida, since 2024. He was registered with Newbridge Financial Services Group, Inc. in Pompano Beach, Florida, from 2014 to 2023, and Ameriprise Financial Services, Inc. in Pompano Beach, Florida, from 2007 to 2024, when he was termianted regarding, “advisor permitted to resign while under review for company policy violations related to suitability of a short-term trading strategy.”
Kenneth Arena Customer Complaints
He has been the subject of six customer complaints between 2002 and 2026, four of which were denied, according to his CRD report. The most recent complaint was regarding:
March 2026. “Breach of contract, breach of fiduciary duty, failure to supervise, negligence, misrepresentations, violation of FINRA rules, violation of the state and federal securities laws, and violation of the best interest obligations (reg b1).” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint took place while he was registered with Newbridge Financial Services Group, Inc., and it was regarding alternative investments.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Newbridge Financial Services Group, Inc. may be liable for investment or other losses suffered by Kenneth Arena’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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