Zamansky LLC Investigates Newbridge Securities Corp. and Sandlapper Securities LLC Over Sales of Private Placements
The law firm is investigating Newbridge Securities Corp. (“Newbridge”) located in Boca Raton, Florida, and Sandlapper Securities LLC (“Sandlapper”) located in Greenville, South Carolina, over sales of private investments to investors.
According to a recent Wall Street Journal article, investors at Newbridge “have a one in four chance of getting a broker there with at least three red flags” on his or her license. The Journal reported that Securities Regulators sanctioned Newbridge 20 times—an average of twice a year—over the past decade, with fines of $1.75 million. The Journal also reported that Sandlapper has had recent regulatory issues.
Private investments are usually much riskier and more speculative than public investments. The due diligence process surrounding private investments may be uncertain and unreliable, and conflicts of interest may exist that are not fully disclosed.
If you have suffered a loss on a private investment sold to you by Newbridge or Sandlapper, you may wish to have your investment reviewed to determine if you were a victim of any misconduct.
Please contact Jake Zamansky by telephone at (212) 742-1414 or by email at firstname.lastname@example.org.