{"id":3943,"date":"2016-11-17T17:40:19","date_gmt":"2016-11-17T23:40:19","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/?p=3943"},"modified":"2022-03-28T11:15:52","modified_gmt":"2022-03-28T16:15:52","slug":"broker-fraud-cases-former-newbridge-securities-broker-pleads-guilty-131-market-manipulation-scheme-finra-bars-lpl-financial-broker-depositing-client-funds-account-lincol","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-cases-former-newbridge-securities-broker-pleads-guilty-131-market-manipulation-scheme-finra-bars-lpl-financial-broker-depositing-client-funds-account-lincol\/","title":{"rendered":"Broker Fraud Cases: Former Newbridge Securities Broker Pleads Guilty in $131 Market Manipulation Scheme and FINRA Bars LPL Financial Broker for Depositing Client Funds Into His Own Account, and Lincoln Financial Securities is Fined $650K for Not Protecting Client Information\u00a0"},"content":{"rendered":"<p><strong>Ex-Newbridge Securities Broker Involved in $131M Fraud Pleads Guilty\u00a0<\/strong><br \/>\nGerald Cocuzzo, has pleaded guilty to<a href=\"https:\/\/www.stockbroker-fraud.com\"> securities fraud <\/a>related to his involvement in a $131M market manipulation scam involving Forcefield Energy Inc. (FNRG). According to the U.S. Justice Department, between 1\/2009 and 4\/2015, Cocuzzo and others sought to bilk investors in the publicly traded company that globally distributes and provides LED lighting products. They did this by artificially manipulating the volume and price of the shares that were traded.<\/p>\n<p>Meantime, Cocuzzo received kickbacks for buying Forcefield stock in his clients\u2019 brokerage accounts. He did not tell the customers that he was receiving these payments. Instead, he and several others sought to hide their involvement.<\/p>\n<p>Newbridge Securities fired Cocuzzo earlier this year following the federal indictment. Before working at Newbridge, he was registered with IAA Financial, previously called CBG Financial Group Inc.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-cases-former-newbridge-securities-broker-pleads-guilty-131-market-manipulation-scheme-finra-bars-lpl-financial-broker-depositing-client-funds-account-lincol\/#more-3943\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ex-Newbridge Securities Broker Involved in $131M Fraud Pleads Guilty\u00a0 Gerald Cocuzzo, has pleaded guilty to securities fraud related to his involvement in a $131M market manipulation scam involving Forcefield Energy Inc. (FNRG). According to the U.S. Justice Department, between 1\/2009 and 4\/2015, Cocuzzo and others sought to bilk investors in the publicly traded company that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3752,3739,3990,3877,3741],"tags":[3703,3704,3705,3706,3207],"class_list":["post-3943","post","type-post","status-publish","format-standard","hentry","category-broker-fraud","category-financial-firms","category-finra","category-lincoln-financial-advisors","category-lpl-financial","category-securities-fraud","tag-dominic-thomas-debruin","tag-forcefield-energy","tag-gerald-cocuzzo","tag-lincoln-financial-securities","tag-newbridge-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Former Newbridge Securities Broker Pleads Guilty And Other News | Securities Fraud Attorney<\/title>\n<meta name=\"description\" content=\"A former Newbridge securities broker has pleaded guilty to securities fraud related to his involvement in a $131M market manipulation scam.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-cases-former-newbridge-securities-broker-pleads-guilty-131-market-manipulation-scheme-finra-bars-lpl-financial-broker-depositing-client-funds-account-lincol\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Former Newbridge Securities Broker Pleads Guilty And Other News | Securities Fraud Attorney\" \/>\n<meta name=\"twitter:description\" content=\"A former Newbridge securities broker has pleaded guilty to securities fraud related to his involvement in a $131M market manipulation scam.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Former Newbridge Securities Broker Pleads Guilty And Other News | Securities Fraud Attorney","description":"A former Newbridge securities broker has pleaded guilty to securities fraud related to his involvement in a $131M market manipulation scam.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/broker-fraud-cases-former-newbridge-securities-broker-pleads-guilty-131-market-manipulation-scheme-finra-bars-lpl-financial-broker-depositing-client-funds-account-lincol\/","twitter_card":"summary_large_image","twitter_title":"Former Newbridge Securities Broker Pleads Guilty And Other News | Securities Fraud Attorney","twitter_description":"A former Newbridge securities broker has pleaded guilty to securities fraud related to his involvement in a $131M market manipulation scam.","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; 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