{"id":6696,"date":"2018-11-29T16:36:11","date_gmt":"2018-11-29T22:36:11","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6696"},"modified":"2018-11-29T16:36:11","modified_gmt":"2018-11-29T22:36:11","slug":"finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities\/","title":{"rendered":"FINRA Suspends Ex-UBS Broker Who is Now With Newbridge Securities"},"content":{"rendered":"<p>\t\t\t\tThe <a href=\"https:\/\/www.investorlawyers.com\/investor-claims\/broker-misconduct\/ubs-painewebber\/\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Industry Regulatory Authority (FINRA)<\/a> has suspended David Howard Fagenson, a former <a href=\"https:\/\/www.investorlawyers.com\/investor-claims\/broker-misconduct\/ubs-painewebber\/\" target=\"_blank\" rel=\"noopener noreferrer\">UBS Financial Services (UBS)<\/a> broker, for eight months. Fagenson, now registered with Newbridge Securities, is accused of unsuitable trading in the accounts of three older clients.<\/p>\n<p>The allegedly excessive trades are said to have created significant losses for the UBS customers, even as Fagenson and the brokerage firm made hundreds of thousands of dollars in commissions and markups for the same transactions. The settlement between the self-regulatory authority (SRO) and the ex-UBS broker states that the trading violations took place between January 2012 and September 2016.<\/p>\n<p>FINRA said that the senior investors that the ex-UBS broker harmed included a 95-year-old widow with an over $5M net worth who had numerous accounts at the firm. While her brokerage account purportedly lost $283K during the period at issue, she paid $260K in markups and commissions.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities\/\"  title=\"Continue Reading FINRA Suspends Ex-UBS Broker Who is Now With Newbridge Securities\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Financial Industry Regulatory Authority (FINRA) has suspended David Howard Fagenson, a former UBS Financial Services (UBS) broker, for eight months. Fagenson, now registered with Newbridge Securities, is accused of unsuitable trading in the accounts of three older clients. The allegedly excessive trades are said to have created significant losses for the UBS customers, even [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773],"tags":[3206,3207,3000],"class_list":["post-6696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","tag-david-fagenson","tag-newbridge-securities","tag-ubs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Suspends Ex-UBS Broker Who is Now With Newbridge Securities &#8212; Investor Lawyers Blog &#8212; November 29, 2018<\/title>\n<meta name=\"description\" content=\"The Financial Industry Regulatory Authority (FINRA) has suspended David Howard Fagenson, a former UBS Financial Services (UBS) broker, for eight months. Fagenson, now registered with Newbridge Securities, is accused of unsuitable trading in the accounts of three older clients.\" \/>\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\/finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Suspends Ex-UBS Broker Who is Now With Newbridge Securities &#8212; Investor Lawyers Blog &#8212; November 29, 2018\" \/>\n<meta name=\"twitter:description\" content=\"The Financial Industry Regulatory Authority (FINRA) has suspended David Howard Fagenson, a former UBS Financial Services (UBS) broker, for eight months. Fagenson, now registered with Newbridge Securities, is accused of unsuitable trading in the accounts of three older clients.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.4.18.jpeg\" \/>\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=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FINRA Suspends Ex-UBS Broker Who is Now With Newbridge Securities &#8212; Investor Lawyers Blog &#8212; November 29, 2018","description":"The Financial Industry Regulatory Authority (FINRA) has suspended David Howard Fagenson, a former UBS Financial Services (UBS) broker, for eight months. Fagenson, now registered with Newbridge Securities, is accused of unsuitable trading in the accounts of three older clients.","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\/finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities\/","twitter_card":"summary_large_image","twitter_title":"FINRA Suspends Ex-UBS Broker Who is Now With Newbridge Securities &#8212; Investor Lawyers Blog &#8212; November 29, 2018","twitter_description":"The Financial Industry Regulatory Authority (FINRA) has suspended David Howard Fagenson, a former UBS Financial Services (UBS) broker, for eight months. Fagenson, now registered with Newbridge Securities, is accused of unsuitable trading in the accounts of three older clients.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.4.18.jpeg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"FINRA Suspends Ex-UBS Broker Who is Now With Newbridge Securities","datePublished":"2018-11-29T22:36:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities\/"},"wordCount":508,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.4.18.jpeg","keywords":["David Fagenson","Newbridge Securities","UBS"],"articleSection":["Broker Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities\/","url":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities\/","name":"FINRA Suspends Ex-UBS Broker Who is Now With Newbridge Securities &#8212; Investor Lawyers Blog &#8212; November 29, 2018","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-ubs-broker-who-is-now-with-newbridge-securities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.4.18.jpeg","datePublished":"2018-11-29T22:36:11+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The Financial Industry Regulatory Authority (FINRA) has suspended David Howard Fagenson, a former UBS Financial Services (UBS) broker, for eight months. 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