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Gerald Cocuzzo, Newbridge Securities, Indicted for Securities Fraud

Newbridge SecuritiesFINRA regulatory documents show that former Newbridge Securities broker Gerald Cocuzzo, from Florida, is currently not licensed to act as a broker or an investment adviser. The investment recovery lawyers at StockBrokerLawyer.com are ready to help additional customers recover their investment losses.

Gerald Cocuzzo has spent 16 years in the securities industry, working for Newbridge Securities Corporation, in Boca Raton, Florida (2014-2016). Of Mr. Cocuzzo’s former employers, three have since been expelled by FINRA: LH Ross & Company, Continental Broker-Dealer, and Seaboard Securities. He is currently not registered with any state or firm. These are very serious and disturbing facts.

In 2014, a customer said that Gerald Cocuzzo, while employed at Gunnallen Financial and IAA Financial, recommended unsuitable investments. The complaint settled for $18,000.

According to a release by the US Department of Justice, Gerald Cocuzzo has been indicted on charges that include securities fraud, conspiracy to commit securities fraud, wire fraud, money laundering, and making a false statement to law enforcement officials. The charges related to an alleged “fraudulent market manipulation” of the publicly-traded company ForceField Energy (NASDAQ: FNRG). Justice Department officials allege that Mr. Cocuzzo and other registered brokers purchased FNRG stock in their client accounts in exchange for kickbacks that constituted a 10% commission. They allegedly did not disclose the kickbacks to their clients and “concealed their participation in the fraudulent scheme by using prepaid, disposable cellular telephones and encrypted, content-expiring messaging applications to communicate with each other.”

According to US Attorney Robert Capers, “As alleged, the defendants and their network of registered brokers and stock promoters designed an elaborate but fraudulent scheme built on lies, kickbacks and manipulated trading activity to defraud the securities markets, the investing public and their clients. They took a company with essentially no business operations and little revenue and deceived the market and their clients into believing it was worth hundreds of millions of dollars through a dizzying round of unauthorized trades and deceptive promotions. In the end, the deceived investors were left holding the empty bag.”

The charges—which are merely allegations on the part of the US Justice Department, as the defendants are innocent until proven guilty—remain pending.

If you have losses in your account, with this financial advisor, call (888) 986-7199 or write the investment recovery lawyers at StockBrokerLawyer.com for a free no-cost consultation. We can help recover your losses and seek other damages, too.

You can use the email form or chat on StockBrokerLawyer.com You may be entitled to recover your losses. We work on contingency: we are paid only when you are paid. Time is limited; delay is the favorite defense of the brokerage firms. Call 888-986-7199 now to speak to an attorney for a no cost evaluation.


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