Douglas Solinsky, Formerly with Newbridge Securities Corp., Suspended by FINRA

NEW YORK, NY

Did you invest with Douglas Solinsky from New York, New York?  The securities and investment fraud law firm of Israels & Neuman is reviewing claims made by FINRA, against Douglas B. Solinsky, who formerly was a representative of Newbridge Securities Corp.  He was suspended by FINRA in June 2023 for four months, fined $10,000, and ordered to pay $27,622 in restitution to effected customers.

FINRA’s order alleged that Douglas Solinsky engaged in excessive trading between January 2017 and February 2019.  Two of his clients had accounts with turnover ratios of 9, while the cost-to-equity ratio on those accounts was 26% and 29% respectively.  An account with a cost-to-equity ratio of 26% means that the account had to earn a 26% profit just to break even from the costs of trading.

Douglas B. Solinsky had been with Newbridge Securities Corp. from 2008 to February 2019.  He is now affiliated with Kingswood Capital.  He worked in a New York City office.  Solinsky’s BrokerCheck report also discloses six tax liens and a customer complaint.

Our investment fraud law firm represents investors throughout the country, including investors in New York.  We also have previously represented investors against Newbridge Securities Corp.

View Solinsky, d BrokerCheck 6.30.23

View Solinsky, d FINRA AWC

If you lost money with Douglas Solinsky or Newbridge Securities Corp., please Contact Us at 206-795-5798 for a free evaluation of your case.