$treet Trader Lion's Den

[Cuda426]

Nothing but trouble with these guys:
"A Fort Lauderdale-based securities firm with a checkered past, and its two principal owners, have been hit with $800,000 in fines related to a pump-and-dump penny stock scheme.

Newbridge Securities Corp. was fined $600,000, censured and prohibited from purchasing or making a market in penny stocks for one year by the Financial Industry Regulatory Authority (FINRA).

Newbridge president Guy S. Amico and chief executive Scott Goldstein were fined $100,000 each."
hit with $800,000 in fines related to a pump-and-dump penny stock scheme

The agreement identifies a trio of unregistered Pink-Sheet penny stocks – Hee Corp. (HCCF) OMDA Oil and Gas (OMOG) and Greyfield Capital (GRYF) – that Newbridge allegedly helped peddle to an unwitting public. Each of those stocks is now worthless.

says Newbridge also helped stock promoters inflate the shares of a fourth penny stock, Global Triad (GTRD), by buying and selling millions of shares. On some days, Newbridge’s trading “consisted of 100 percent of the entire trading volume.” That stock, too, is worthless today.


Read that again...hit with $800,000 in fines related to a pump-and-dump penny stock scheme
http://www.browardbulldog.org/2010/11/regulators-fine-censure-fort-lauderdale-stock-brokerage-linked-to-wexler-campaign-controversy/