{"id":12033,"date":"2026-08-10T12:30:11","date_gmt":"2026-08-10T16:30:11","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=12033"},"modified":"2026-08-10T12:30:11","modified_gmt":"2026-08-10T16:30:11","slug":"scott-silver-discusses-newbridge-securities-settlement-with-finra","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-newbridge-securities-settlement-with-finra\/","title":{"rendered":"Scott Silver Discusses Newbridge Securities Settlement With FINRA"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10372 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" alt=\"Silver Law Group founding attorney Scott Silver has been quoted in an article by Investment News after Boca Raton, Florida-based Newbridge Securities settled a claim with FINRA. The firm paid $105,000 for failing to supervise two brokers who, over a five-year period, excessively recommended the use of margins in five customer accounts.\n\n\u201cThis is another speeding ticket of the firm by FINRA, the cop, along with the other infractions of the firm\u2019s history,\u201d Scott said in the article.\n\nNewbridge Securities was fined $60,000 and paid restitution of $45,000, plus interest, and accepted the findings while neither confirming nor denying any of the accusations.\n\nIn the order, FINRA stated: \u201cFrom July 2015 through June 2020, Newbridge failed to reasonably supervise two registered representatives in one former branch office who recommended unsuitable margin use in five customer accounts. The customers were not experienced or sophisticated investors and did not understand the extent to which margin was used in their accounts, or the costs associated with the margin use.\u201d\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall-180x120.jpg 180w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Silver Law Group founding attorney Scott Silver has been quoted in an article by <a href=\"https:\/\/www.investmentnews.com\/broker-dealers\/finra-tags-south-florida-bd-with-105000-in-penalties-linked-to-margin-accounts\/258888\" target=\"_blank\"><em>Investment News<\/em><\/a> after Boca Raton, Florida-based Newbridge Securities settled a claim with FINRA. The firm paid $105,000 for failing to supervise two brokers who, over a five-year period, excessively recommended the use of margins in five customer accounts.<\/p>\n<p><em>\u201cThis is another speeding ticket of the firm by FINRA, the cop, along with the other infractions of the firm\u2019s history,\u201d<\/em> Scott said in the article. <a href=\"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-newbridge-securities-settlement-with-finra\/#more-12033\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Silver Law Group founding attorney Scott Silver has been quoted in an article by Investment News after Boca Raton, Florida-based Newbridge Securities settled a claim with FINRA. The firm paid $105,000 for failing to supervise two brokers who, over a five-year period, excessively recommended the use of margins in five customer accounts. \u201cThis is another [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[607,580],"tags":[],"class_list":["post-12033","post","type-post","status-publish","format-standard","hentry","category-failure-to-supervise","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Scott Silver Discusses Newbridge Settlement With FINRA<\/title>\n<meta name=\"description\" content=\"Silver Law Group founding attorney Scott Silver has been quoted in an article by Investment News after Newbridge Securities settled a claim with FINRA.\" \/>\n<meta name=\"robots\" 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