Newbridge Securities Corporation, a Fort Lauderdale-based broker dealer, was fined $50,000 by FINRA in January 2013 for issues dealing with improper and undisclosed postage and handling charges to customers. These accusations led to a class action suit which resulted in Newbridge making an $850,000 payment to settle the case. This wasn’t the first time Newbridge was fined by FINRA. FINRA also fined Newbridge $138,000 for violating industry rules related to the offer and sale of corporate bonds.
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