In 2019 alone, Marshal Isaacson had four customer complaints registered against him for financial misconduct. Marshall Isaacson, an ex-broker at Newbridge Securities based in Boca Raton, Florida, was recently barred by The Financial Regulatory Authority (FINRA). According to several reports, Isaacson has been accused of making unsuitable investment recommendations without paying heed to investor’s risk and suitability. This is very alarming because of the long time of Isaacson’s professional career that spanned 35 years and represented 12 broker-dealers.
Our investment fraud attorneys have reached out and spoke to several of Marshall Isaacson’s former customers who may have been a victim to significant losses on their investment. If you or anyone you know has been a customer of the mentioned broker and has faced loss on their investment, contact our securities fraud attorneys at Haselkorn & Thibaut (InvestmentFraudLawyers.com) for further guidance at 1-800-856-3352.
Per the claims, Marshall Isaacson has been accused of misrepresentations, breach of fiduciary duty, and negligence. Isaacson recently spent three years of his career working at Newbridge Securities. Prior to this, he served as a broker with the National Securities Corporation from 2007 to 2016. However, several FINRA arbitration claims were registered against his name. Two of those claims have been settled, while two are still pending.
All four allegations against Isaacson include misrepresentation, negligence, breach of fiduciary duty, breach of contract, and broker negligence. The most recent customer to have registered a FINRA arbitration claim is seeking $100,000 in damages.
Ultimately, Isaacson was barred by FINRA in July after continuously refusing to provide further documents during the self-regulatory organization’s probe into various claims made against him. Despite agreeing to the sanction, Isaacson did not present any relevant information in his defense and did not deny or admit any findings.
Two other customers have registered complaints on Isaacson’s BrokerCheck record and are claiming investor negligence. Both the claims are dated back to 2016. Both the claims have been settled; $92,000 for one and $215,000 for the other.
Isaacson has served as a registered broker for the following firms:
- Gruntal & Co.
- Janney Montgomery Scott
- JB Hanauer & Co.
- Ladenburg Thalman & Co.
- Lehman Brothers
- Oppenheimer and Co.
- Prudential Securities
- Prudential Securities Inc.
- Ryan Beck & Co.
- Smith Barney
Florida Financial Advisor Fraud Law Firm
Our expert unsuitable investment fraud attorneys have over 45 years of experience representing retail investors, institutional investors, retirees, and high net worth investors. Our main office is located in Palm Beach, Florida. Please Contact InvestmentFraudLawyers.com at 1-800-856-3352 and consult with us for further guidance. Remember, your first visit is always costless and obligation-free.