Were you the victim of Newbridge Securities Corporation broker Rodger Thomas (CRD# 4010563)? He has been registered with Newbridge Securities Corporation in Roselle Park, New Jersey, since 2018, and NFSG Corporation in Roselle Park, New Jersey, since 2018. He was registered with Kovack Advisors, Inc. in Livingston, New Jersey, from August to October 2018, Kovack Securities Inc. in Livingston, New Jersey, from August to October 2018, SCF Investment Advisors, Inc. in Livingston, New Jersey, from July to August 2018, SCF Securities, Inc. in Livingston, New Jersey, from 2016 to 2018, and National Securities Corporation in Edison, New Jersey, from 2010 to 2016.
Rodger Thomas Customer Complaints
He has been the subject of four customer complaints between 2010 and 2025, according to his CRD report. The most recent complaints were regarding:
August 2025. “Recommendation of unsuitable investments in a number of alternative investments between December 2016 and August 2018.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint took place while he was registered with SCF Securities, Inc., and it was regarding corporate debt, equity OTC, business development companies (BDCs), and limited liability corporations (LLCs).
April 2023. “Misrepresentation.” The case was settled for $10,000. The complaint was regarding alternative investments, and it took place while he was registered with Newbridge Securities Corporation.
October 2021. “Customers allege unsuitable investment recommendation, misrepresentation, and breach of fiduciary duty in connection with their purchase of GPB Automotive Portfolio, LP. “ The customer sought $47,667 in damages, and the case was settled for $25,000. The complaint was regarding direct investment losses, and it took place while he was registered with SCF Securities, Inc.
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 Securities Corporation may be liable for investment or other losses suffered by Rodger Thomas’ 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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