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Michael Greenfield: $200,000 Complaint Against Newbridge Broker

Investor complaints against Florida Newbridge Securities Corporation broker Michael Greenfield (CRD# 5406611) allege activity including negligence, breach of contract, unsuitable investments, and more. These include a pending complaint alleging damages of $200,000. Greenfield is employed with Newbridge Securities Corporation in Boca Raton, Florida, where he has been employed since 2017, according to information drawn from Financial Industry Regulatory Authority records.

Michael Greenfield allegedly engaged in breaches of contract and his fiduciary duty to act in the best interest of his customers, while acting negligently in his duties as a broker, according to a pending 2019 customer complaint concerning his conduct at Oppenheimer & Company and NYLife Distributors. The claimant alleges damages of $200,000.

Michael Greenfield allegedly engaged in breaches of contract and his fiduciary duty, failed in his duties of supervision and control, provided factual misrepresentations about Puerto Rico municipal bond investments, made factual omissions about investments, and defrauded the customer, according to a pending 2017 complaint concerning his conduct at Morgan Stanley and The GMS Group. The claimant alleges damages of $147,334.

Greenfield allegedly advised an investor purchase a mutual fund product which he factually misrepresented, according to a 2017 complaint concerning his conduct at Oppenheimer & Company. That complaint reached a settlement of $10,000.

He also allegedly advised a customer to invest in unsuitable products, including closed-end funds, according to a 2015 complaint concerning his conduct at The GMS Group. That complaint reached a settlement of $15,000.

He also allegedly advised a customer’s purchase of an unsuitable municipal bond, breaching his fiduciary duty to act in his customers’ best interests, according to a 2014 complaint concerning his conduct at Morgan Stanley Smith Barney.

He also allegedly advised a customer’s purchase of unsuitable Puerto Rico municipal bond products, according to a 2013 customer complaint concerning his conduct at Morgan Stanley Smith Barney. That complaint reached a settlement of $5,900.

Michael Greenfeld’s registration with Newbridge Securities Corporation’s office in Boca Raton, Florida began in 2017. His employment history includes Oppenheimer & Company, Morgan Stanley, and the GMS Group. He has seven state licenses and passed three securities industry qualifying examinations. (Information current as of August 7, 2019.)

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