Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on April 25, 2017 indicate that New York-based Newbridge Securities broker/adviser David Menashe has been sanctioned by the State of Montana. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Menashe (CRD# 5727269).
David Menashe has spent seven years in the securities industry and has been registered with Newbridge Securities in New York, New York since January 2017. Previous registrations include First Midwest Securities in Garden City, New York; John Thomas Financial in New York, New York; Gunnallen Financial in New York; New York; and Newbridge Securities in New York, New York. He is a registered broker and investment adviser with seventeen US states and territories: Alabama, Arizona, California, Connecticut, Idaho, Indiana, Iowa, Louisiana, Minnesota, Mississippi, New Jersey, New York; Ohio, Oklahoma, Pennsylvania, Texas and West Virginia.
According to his BrokerCheck report, David Menashe has received one regulatory sanction.
In 2016 the State of Montana sanctioned him following allegations he executed excessive and unauthorized transactions. He was ordered to pay $15,000 in restitution.
Both FINRA rules and federal securities law prohibit financial professionals like David Menashe are prohibited from effecting transactions without a customer’s permission or authorization. There are some exceptions, including discretionary accounts and, in certain circumstances, margin accounts. Investment representatives and broker-dealer firms who make unauthorized trades may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has a complaint regarding David Menashe, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.