{"id":7139,"date":"2019-05-28T10:49:34","date_gmt":"2019-05-28T15:49:34","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=7139"},"modified":"2022-05-19T12:07:17","modified_gmt":"2022-05-19T17:07:17","slug":"newbridge-securities-corporation-trouble","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/newbridge-securities-corporation-trouble\/","title":{"rendered":"Newbridge Securities Corporation in Financial Trouble"},"content":{"rendered":"

\t\t\t\tIn March 2019, Newbridge Securities Corporation (\u201cNewbridge\u201d) filed its Form X-17A-5, commonly called a firm\u2019s Focus Report, with the Securities & Exchange Commission (\u201cSEC\u201d).\u00a0 The Focus Report showed that in 2018, Newbridge had almost $33 million in revenues, yet reported only about $108,000 in net profits.<\/p>\n

The accounting firm that audited Newbridge disclosed in its \u201cOpinion on the Financial Statements\u201d that \u201cthere is substantial doubt about [Newbridge\u2019s] ability to continue as a going concern.\u201d\u00a0 This means that the finding from the CPA firm of Newbridge in financial trouble means investors that hold accounts with the firm should be concerned.<\/p>\n

Newbridge is a Boca Raton, Florida based brokerage and financial services firm.\u00a0 Although the firm claims to have \u201cover 80 locations in the US\u201d, its website only lists offices in Boca Raton, Ft. Lauderdale, Scottsdale, Chicago and a few locations in New York.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

In March 2019, Newbridge Securities Corporation (\u201cNewbridge\u201d) filed its Form X-17A-5, commonly called a firm\u2019s Focus Report, with the Securities & Exchange Commission (\u201cSEC\u201d).\u00a0 The Focus Report showed that in 2018, Newbridge had almost $33 million in revenues, yet reported only about $108,000 in net profits. The accounting firm that audited Newbridge disclosed in its […]<\/p>\n","protected":false},"author":2,"featured_media":7091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3774,3762],"tags":[3044,3207,3422],"class_list":["post-7139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-dealers","category-current-investigations","tag-investment-fraud","tag-newbridge-securities","tag-newbridge-securities-corporation"],"yoast_head":"\nNewbridge Securities Corporation in Financial Trouble — Investor Lawyers Blog — May 28, 2019<\/title>\n<meta name=\"description\" content=\"Newbridge Securities Corporation is in financial trouble after filing the firm's focus report. 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