Newbridge Securities Corporation


Update 10-27-08: Newbridge Securities Corporation has responded to the information listed below. You can view their response here.


Newbridge Securities, is a Florida company that the Robert Wexler for Congress Committee “RWCC”, according to originally filed F.E.C. financial disclosure reports, invested campaign money in and received significant dividends and/or capital gains from.  Within days after his residency scandal broke (7/23/2008), Congressman Wexler subsequently amended 25 Federal Election Commission financial disclosure reports that removed Newbridge Securities from all reports indicating that RWCC never received any dividends and/or capital gains from Newbridge.

On July 25, 2008, Newbridge Securities and it’s owners were brought up on charges by the Securities and Exchange Commission (SEC) on an  Order Instituting Public Administrative and Cease-and-Desist Proceedings for a pattern of securities violations over many years.

The Securities and Exchange Commission has previously filed charges against the company and its owners for securities violations including, failing to supervise a broker allegedly who was involved in manipulative trading of penny stocks.  Newbridge was also ordered to pay $177,500 in fines and restitution for other violations. 

In 2007, Newbridge Securities was fined $70,000 and required to rewrite its WSP for trade-related violations.

On May 30, 2005, StockPatrol.com reported that on February 14, 2005, the Securities and Exchange Commission filed a complaint in the United States District Court for the Southern District of Florida, which outlined an alleged scheme to manipulate Concorde America.  "According to the SEC’s complaint, accounts at Newbridge Securities had been used to hold and sell shares of Concorde America as part of the pump and dump scheme." "Compliance Conundrums at Newbridge Securities" StockPatrol.com; May 30, 2005  <http://www.stockpatrol.com/article/key/newbridgesecurities>


Company Information


Owners:
Scott Goldstein
Guy Amico

 

 

www.wexlersweb.com

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