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Did You Lose Money with Newbridge Securities Corporation Financial Advisor Michael Greenfield?

Posted on Tuesday, April 9th, 2019 at 12:26 pm    

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There are options for customers of Newbridge Securities Corporation financial advisor Michael Greenfield (CRD# 5406611). Greenfield has been registered with Newbridge Securities Corporation in Boca Raton, Florida since 2017. Previously, Greenfield was registered with Oppenheimer & Co. Inc. in Boca Raton, Florida from 2013 to 2016.

Greenfield has been the subject of six customer complaints between 2013 and 2019, according to his CRD report. Recent complaints are regarding:

January 2019. “Claimant asserts claims of negligence, negligent supervision, breach of contract and breach of fiduciary duty relating to purchase of master limited partnerships from 1/1/2014 to unspecified.” The customer is seeking $200,000 in damages and the case is currently pending. This case is regarding oil and gas limited partnerships.

June 2017. “Claimant alleged unsuitability and misrepresentation with respect to municipal and corporate bonds – 2013.” The customer is seeking $147,334 in damages and the case is currently pending. This is regarding investments in Puerto Rico bonds.

December 2016. “Client alleges security was misrepresented to him, no time period specified, but security purchased during November 2014.” The case was settled for $10,000. This was regarding mutual fund 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 Securities Corporation may be liable for investment or other losses suffered by Greenfield’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.