FINRA Permanently Bars Boca Raton Broker James Ignatowich

The Newbridge Securities Corporation broker allegedly provided false information to regulators, among other transgressions

According to the Financial Industry Regulatory Authority (FINRA), Boca Raton broker James Ignatowich is reported to have failed to comply with a Consent Order entered into January 13, 2016 with the State of New Hampshire. As part of the Consent Order, Ignatowich was expected to make payments and file a lien on his personal residence, but he failed to do so. The regulatory agency has permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public.

In March 2015, the Newbridge Securities Corporation broker was temporarily suspended in New Hampshire for allegedly performing unlawful telemarketing and providing inaccurate and misleading information to the regulator during the investigation.

Customer disputes reported over the course of Ignatowich’s 21-year securities industry career include:

• Unsuitability – Ignatowich allegedly recommended investments that did not coincide with the investor’s objectives, financial situation, or level of risk tolerance

• Unauthorized trading – Ignatowich allegedly purchased or sold securities in a non-discretionary customer account without prior customer authorization

• Fraud – the broker was accused of causing customer losses due to misconduct or other reasons unrelated to market forces

• Negligent misrepresentation – Ignatowich allegedly misrepresented or omitted material facts when making investment recommendations to a client

• Churning – the broker was accused of excessively trading within a customer account in order to generate commissions for himself

Prior to his employment with Newbridge Securities Corporation from March 2014 to March 2016, Ignatowich was employed by these firms, among others:

• Investors Capital Corp in Greenwich, CT from December 2008 to March 2014

• Eastbrook Capital Group, LLC in New York, NY from October 2000 to December 2008

• Prime Charter Ltd in New York, NY from November 1997 to October 2000

If James Ignatowich handled some of your investments, you may be entitled to reclaim losses. To learn about your options, get in touch with the Silver Law Group. Scott Silver is the current chair of the American Trial Lawyers Association Securities and Financial Fraud Group and all of our attorneys are knowledgeable in the field of securities arbitration as well as investment fraud. We represent individual and institutional investors across the United States who have lost money at the hands of a trusted financial advisor. You will be able to talk to an experienced attorney who will inform you of your rights and options.

The Silver Law Group is a contingency-based firm, and you won’t owe us anything unless you recover lost money. Call us at 954.755.4799 or just fill out our online contact form.