Haselkorn & Thibaut Opens Investigation into Rodger Erik Thomas, Financial Advisor with Newbridge Securities Corporation – Roselle Park, NJ
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If you’re an investor concerned about your accounts handled by Rodger Erik Thomas (CRD# 4010563) at Newbridge Securities Corporation in Roselle Park, New Jersey, you’re not alone. Haselkorn & Thibaut, a national investment fraud law firm with over 50 years of experience and a 98% success rate, has opened an investigation into Mr. Thomas and is offering free consultations to affected investors.
Your financial well-being is important, and understanding your rights and options is critical when there are potential red flags or concerns about your advisor.
Who is Rodger Erik Thomas?
Rodger Erik Thomas (also known as Rodger E. Thomas) is an experienced financial advisor currently registered with:
- Newbridge Securities Corporation (FINRA broker since October 24, 2018)
- Investment Adviser Representative with NFSG Corporation (since October 30, 2018)
He has associations with several other financial firms in the past, including:
- SCF Securities, Inc.
- Kovack Securities, Inc.
- National Securities Corporation
- Ameriprise Financial Services, Inc.
- Morgan Stanley DW Inc.
In addition to his work as a stockbroker and advisor, Mr. Thomas serves as President of Shield Capital Advisory and is licensed as a life & health insurance agent. He is also active in the Roselle Park, NJ community through various volunteer roles.
Summary of Advisor Credentials
| Advisor Name | Rodger Erik Thomas (CRD# 4010563) |
| Current Broker-Dealer | Newbridge Securities Corporation (Roselle Park, NJ/Boca Raton, FL) |
| Other Registration | NFSG Corporation |
| Licenses | SIE, Series 7, 65, 66 (Registered in 11+ States/Territories) |
| Other Business Activity | President, Shield Capital Advisory; Life & Health Insurance Agent |
Red Flags & Customer Complaints: What Investors Need to Know
Haselkorn & Thibaut’s investigation into Rodger Erik Thomas focuses on several customer disputes and complaints disclosed on his BrokerCheck record. It is important to be informed about the specific allegations and their status.
Pending Customer Disputes and Arbitrations
- FINRA Arbitration (Pending, Filed August 19, 2025 – Case No. 25-01739):
- A customer alleges unsuitable recommendations in alternative investments (including BDCs, LLCs, corporate debt, and OTC equities) between December 2016 and August 2018.
- This claim names both SCF Securities, Inc. and Newbridge Securities Corporation as responsible parties.
- Total damages sought: $500,000.
- Status: Pending
Settled Customer Complaints
- FINRA Case No. 23-00496 (Settled June 27, 2023):
- Allegation: Misrepresentation involving an alternative investment while at Newbridge Securities Corporation.
- Amount settled: $10,000 (individual contribution was $10,000).
- FINRA Case No. 21-02567 (Settled January 31, 2022):
- Allegations: Unsuitable recommendation, misrepresentation, and breach of fiduciary duty, specifically involving the GPB Automotive Portfolio, LP, while at SCF Securities, Inc.
- Settlement: $25,000
- Structured Product Dispute (Settled May 2, 2011):
- Allegation: Structured products were misrepresented to the client while Mr. Thomas was at Ameriprise Financial Services, Inc.
- Settlement: $36,902.35
Nature of Alleged Misconduct
The types of complaints and allegations raised by former clients of Rodger Erik Thomas include:
- Unsuitable Recommendations: Recommending investments that may not match a customer’s risk tolerance or investment profile. This can be a violation of FINRA Rule 2111 (Suitability), and for retail clients after June 30, 2020, Regulation Best Interest (Reg BI).
- Breach of Fiduciary or Best-Interest Obligations: Allegations that Mr. Thomas did not always act in the best interests of his clients, which is required under industry rules.
- Misrepresentation or Omission of Material Facts: Concerns that important information was withheld or that misleading statements were made regarding the nature or risk of certain investments.
- Negligence: Claims that Mr. Thomas did not exercise the appropriate level of care and diligence expected when making investment recommendations or handling client accounts.
What Does This Mean for Investors Working with Rodger Erik Thomas?
If you are or were a client of Rodger Erik Thomas at Newbridge Securities Corporation (or any of his former broker-dealers) and have concerns about your portfolio’s performance, the suitability of investments, or believe you have been provided incomplete or inaccurate information, you may have grounds to recover your investment losses.
Even if your situation seems unique, it is important to remember that customer claims are often handled through FINRA arbitration — a process specifically designed to help investors recover damages stemming from advisor negligence or misconduct.
How Can Haselkorn & Thibaut Help?
Haselkorn & Thibaut (investmentfraudlawyers.com) has extensive experience handling cases involving financial advisor misconduct and complex investment products. With a 98% success rate and millions recovered for clients, the firm works on a contingency fee basis – no recovery, no fee.
- Free, confidential consultation
- No upfront costs or obligations
- Experienced legal team dedicated to investor protection
Check Your Advisor’s Background
For more details on Mr. Thomas’s record and disclosures, you can review his profile on FINRA BrokerCheck.
Connect With Us – Protect Your Investments
If you or a loved one have suffered losses or have concerns about accounts managed by Rodger Erik Thomas at Newbridge Securities Corporation in Roselle Park, NJ, reach out for a free evaluation.
Call Haselkorn & Thibaut at 1-888-994-8066 today. Discover your options for potential recovery and get peace of mind knowing you’re being guided by an experienced team that puts investor interests first.
Don’t wait – consultations are always free, and there are no fees unless you recover your losses.
