FINRA Bars Ex-Newbridge Securities Broker Marshall Isaacson

Stockbroker Marshall Owen Isaacson Named in Four Customer Complaints Since 2019

The Financial Industry Regulatory Authority (FINRA) recently barred Marshall Owen Isaacson, an ex- Newbridge Securities stockbroker based out of Boca Raton, Florida. Isaacson is accused by customers of making unsuitable investment recommendations and committing broker negligence. With 35 years in the industry, the now ex-registered representative worked at 12 broker-dealers.

Our Florida securities fraud attorneys have been speaking to former customers of Marshall Isaacson who may have suffered significant losses. Contact our securities fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm) online today.

Isaacson Accused of Misrepresentations, Negligence, and Breach of Fiduciary Duty

Marshall Isaacson was a Newbridge Securities broker from 2016 to 2019. Before that, he was with National Securities Corporation from 2007 to 2016. Between April 2019 and January 2020, four FINRA arbitration claims were brought naming Isaacson. Two of the claims are pending, while two were settled.

Allegations in those FINRA arbitration cases include unsuitability, misrepresentation, negligence, breach of fiduciary duty, and breach of contract. The customer of the most recent FINRA arbitration claim, filed in January 2020, is seeking $100K in damages.

FINRA barred Isaacson in July after he refused to provide documents in the self-regulatory organization (SRO’s) probe into the unsuitability allegations against him. Isaacson consented to the sanction but did not deny or admit to any findings.

There are two other customer complaints on Isaacson’s BrokerCheck record also alleging unsuitability. Both are dated from 2016. One of the unsuitability claims was settled for $92K. The other, which also accuses the ex-Boca Raton broker of engaging in unauthorized trading, was settled for $215K.

Other brokerage firms where Isaacson used to be a registered broker include:

Ladenburg Thalman & Co.
Oppenheimer and Co.
Gruntal & Co.
Prudential Securities Inc.
Ryan Beck & Co.
Janney Montgomery Scott
Prudential Securities
Smith Barney
Lehman Brothers
PaineWebber
JB Hanauer & Co.

What Classifies As Grounds For A Unsuitability Claim?

If your broker gave you unsuitable investment advice, recommended a security or an investment strategy that was not a good fit for your portfolio, risk tolerance levels, investment goals, or made unsuitable or excessive trades on your behalf, you may have grounds for a FINRA arbitration claim to recover your losses.

Florida Broker Fraud Law Firm

Throughout the state, our unsuitable investment fraud attorneys represent retail investors, retirees, senior investors, institutional investors, and high net worth individual investors. Contact SSEK at our Florida offices at 813-560-2992 and ask for your free, no-obligation case consultation.