Marshall Owen Isaacson of Boca Raton, Florida, a stockbroker formerly registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA arbitration claim where the customer sought $75,000.00 in damages founded on allegations of negligence, breach of contract, and breach of fiduciary duty by Isaacson in regard to alternative investment transactions, including recommendations of GPB while Isaacson was associated with Newbridge Securities Corporation. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00077 (January 13, 2021).
FINRA Public Disclosure reveals that Isaacson has been identified in five additional customer initiated investment related disputes regarding accusations of his harmful activities while employed by National Securities Corp and Newbridge Securities Corporation. On October 5, 2017, a customer initiated investment related arbitration claim regarding Isaacson’s activities was resolved for $215,000.00 in damages based upon allegations of unsuitable trading of over-the-counter equities by Isaacson during the time that he was registered with National Securities Corp. FINRA Arbitration No. 16-00627. According to the claim, unauthorized trades were also made by Isaacson, resulting in damages.
Isaacson is referenced in another customer initiated investment related arbitration claim which was settled for $92,000.00 in damages supported by accusations that over-the-counter equities trades were unsuitable at National Securities Corp. FINRA Arbitration No. 16-00627 (August 14, 2017).
On June 9, 2020, an additional customer initiated investment related arbitration claim concerning Isaacson’s conduct was resolved for $14,999.00 in damages founded on allegations of negligence and misrepresentations to the customer regarding alternative investments when Isaacson was employed by Newbridge Securities Corporation. According to the claim, 1031 exchange transactions resulted in damages to the customer. The claim also contains accusations of breach of fiduciary duty and breach of contract.
Isaacson is also identified in a customer initiated investment related arbitration claim which was settled for $15,000.00 in damages based upon allegations of breach of fiduciary duty and unsuitable trading of mutual funds and over-the-counter equities by Isaacson while he was associated with National Securities Corp. FINRA Arbitration No. 19-01098. The claim, which was also brought against Newbridge Securities Corporation, alleges breach of contract relating to a variable annuity.
On November 15, 2021, another customer initiated investment related arbitration claim involving Isaacson’s conduct was resolved for $140,000.00 in damages supported by accusations that Isaacson made misrepresentations to the customer regarding real estate security transactions during the time that Isaacson was registered with National Securities Corp. FINRA Arbitration No. 20-00098. According to the claim, unsuitable real estate security transactions resulted in damages to the customer.
Ultimately, Isaacson was barred from associating with any FINRA member in any capacity founded on findings that he impeded a FINRA investigation by failing to provide information while under investigation for allegedly making unsuitable recommendations to Newbridge Securities Corporation customers. Letter of Acceptance, Waiver, and Consent No. 2019062552401 (July 20, 2020).
According to the AWC, Isaacson cooperated with FINRA’s investigation at first. But on July 9, 2020, Isaacson relayed that he refused to provide information and documents in FINRA’s investigation. The AWC states that the investigation concerned allegations of Isaacson’s unsuitable recommendations to investors. The regulator determined that he violated FINRA Rules 2010 and 8210 by failing to cooperate.
Isaacson was employed by National Securities Corporation between August 10, 2007, and July 5, 2016, and Newbridge Securities Corporation between June 29, 2016, and May 22, 2019.
