Elaine Zito (CRD #2849238), a Scottsdale, Arizona financial advisor formerly registered with Newbridge Securities Corporation, is currently the subject of an investigation by Haselkorn & Thibaut, a national securities fraud law firm. If you have invested with Ms. Zito or in alternative investments such as those linked to Inspired Healthcare Capital, we encourage you to read on and contact our experienced team for a free, confidential consultation at 1-888-885-7162 to review your options.
Who Is Elaine Zito?
Table of Contents
For more than two decades, Elaine Zito has worked in the securities industry, most recently as a broker registered with Newbridge Securities Corporation and as an investment advisor with Portsmouth-SmartLife Financial Group in Scottsdale, Arizona. According to her publicly available licensing and regulatory record, Ms. Zito has industry experience dating back 22 years, with previous affiliations including Questar Capital, First Allied Securities, NEXT Financial Group, Woodbury Financial Services, SunAmerica Securities, MetLife Securities, and Royal Alliance Associates.
Her credentials include six major securities qualification exams:
- Securities Industry Essentials Examination (SIE)
- Uniform Combined State Law Examination (Series 66)
- Uniform Securities Agent State Law Examination (Series 63)
- General Securities Representative Examination (Series 7)
- General Securities Principal Examination (Series 24)
- Municipal Securities Principal Examination (Series 53)
It’s important to note that as of March 2026, Elaine Zito is not currently licensed as a broker or an investment advisor.
Red Flags and Investor Complaints
Investors considering past or current involvement with Elaine Zito at Newbridge Securities Corporation should be aware of several serious investor complaints and industry developments involving Ms. Zito. These may provide important perspective when evaluating prior recommendations, especially regarding alternative and private placement investments.
| Year | Allegations | Alleged Damages / Outcome | Broker-Dealer | Status |
|---|---|---|---|---|
| Feb 2025 | Breach of contract, breach of fiduciary duty, negligence, violation of state/federal securities laws (related to GWG Holdings investments) | $325,000 (Pending) | Newbridge Securities Corporation | Pending |
| 2022 | Recommended unsuitable investments, breach of contract | $100,000 (Pending) | First Allied Securities | Pending |
| 2024 | Breach of fiduciary duty, negligence (related to non-traded REITs) | $2,500 (Settled, July 2025) | Newbridge Securities Corporation | Settled |
| 2023 | Breach of fiduciary duty, negligence, breach of contract (alternative investments) | $30,000 (Settled, 2024) | Newbridge Securities Corporation | Settled |
Involvement with Inspired Healthcare Capital
Elaine Zito’s name appears on a Form D regulatory filing for Inspired Healthcare Capital, a senior living real estate development company that recently filed for bankruptcy. According to industry publications, Inspired Healthcare Capital gathered significant investor funds through a network of broker-dealers, distributing over $100 million in fees and commissions. Distributions to investors ultimately ceased, creating significant financial concern for clients.
If you purchased private placement offerings or alternative investments—especially in senior living real estate or through Inspired Healthcare Capital—with the recommendation or facilitation of Elaine Zito, your investments may have been exposed to higher risks than originally represented.
What Does BrokerCheck Show?
According to FINRA BrokerCheck, Ms. Zito was most recently registered as a broker with Newbridge Securities Corporation. Her record reflects several customer complaints and settlements related to matters outlined above. Reviewing BrokerCheck is an important step when evaluating or monitoring a financial professional.
Why Are Investors Concerned?
- Multiple investor complaints, including very recent and high-dollar claims, are pending.
- Complaints allege unsuitable investment recommendations, breaches of fiduciary duty, and negligence—issues that can result in significant investor losses.
- Some investments involved (GWG Holdings, non-traded REITs, private placements) have become the subject of broader industry and regulatory scrutiny.
- Investor matters affecting Inspired Healthcare Capital, where she is named in regulatory filings, further increase risk concerns for similar alternative investments.
- Ms. Zito is no longer a credentialed broker or investment advisor as of March 2026.
If any of these factors pertain to your own investment experience, a thorough review with a professional firm is essential.
What Should You Do Next?
If you invested with Elaine Zito of Newbridge Securities Corporation—particularly in alternative or private placement products, non-traded REITs, or Inspired Healthcare Capital investments—you may be entitled to pursue recovery of losses.
- Do not delay—certain claims are subject to firm deadlines.
- Gather your account statements and any written communications you received.
- Contact Haselkorn & Thibaut at 1-888-885-7162 for a free consultation. Our team will confidentially evaluate your situation and outline potential paths for financial recovery.
Haselkorn & Thibaut is a national securities fraud law firm with over 50 years of experience, a 98% success rate, and millions recovered for clients nationwide. There are no out-of-pocket fees unless your claim is successful.
Protect your financial future by seeking professional guidance. Uncover the facts, learn your rights, and see if you can recover your investment losses today.
Call Haselkorn & Thibaut now at 1-888-885-7162 for your free and confidential consultation.
