Anil Ishwar Jethmal of Boca Raton Florida a stockbroker registered with Newbridge Securities Corporation is the subject of a customer initiated investment related arbitration claim which was settled for $14,999.00 in damages based upon accusations of (1) negligence concerning stock trades effected in the customer’s Newbridge Securities Corporation account (2) breach of a fiduciary duty that was owed to the customer by Jethmal and (3) unsuitable securities transactions resulting in losses for the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-04378 (Feb. 13, 2020).
Jethmal is referenced in five more customer initiated investment related disputes containing allegations of his wrongdoing while associated with securities broker dealers including Solid ISG Capital Markets, Smith Barney Inc. and Newbridge Securities Corporation. FINRA Public Disclosure reveals that a customer initiated investment related arbitration claim involving Jethmal’s conduct was settled for $50,000.00 in damages based upon allegations of the customer’s investment account being churned when Jethmal was associated with Solid ISG Capital Markets. Over-the-counter equities trades were allegedly effected in the customer’s account by the stockbroker without the customer’s knowledge or consent and those trades were not suitable for the customer.
On July 20, 2015, a customer initiated investment related arbitration claim concerning Jethmal’s activities was resolved for $75,000.00 in damages founded on accusations that information was not properly disclosed to the customer in relation to stock trades executed when Jethmal was registered with Newbridge Securities Corporation. The claim also alleges misrepresentation in regard to the customer’s account. FINRA Arbitration No. 14-01089.
Jethmal has also been stripped of his stockbroker license by the Commissioner of Securities in the State of Georgia according to a Decision supported by findings that Jethmal had at one point been referenced in twenty-seven customer initiated investment related disputes containing allegations of the stockbroker’s misconduct. Decision No. 50-95-0213.
Jethmal has been associated with Newbridge Securities Corporation since March 24, 2011. Since May 2, 1997, he has been associated with two different securities broker dealers who have been expelled by regulators for violation of federal securities laws or who are otherwise defunct.
