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Investor Alleges John Zaffarano Engaged in Fraud and Negligence

Jun 27, 2022 Negligence

John Zaffarano (CRD #: 6690551), a broker registered with Newbridge Securities, allegedly violated securities laws, according to his BrokerCheck record, accessed on June 16, 2022. If you have questions about John Zaffarano’s conduct as a broker, keep reading.

Investor Dispute

On April 21, 2022, an investor alleged that John Zaffarano violated securities laws; engaged in fraud, negligence and negligent supervision; and breached his contract. The client seeks $185,000 in this pending dispute.

What is broker negligence?

Many broker behaviors can qualify as negligence. Common types of negligent behavior include misrepresenting investments or omitting key information, making unsuitable investment recommendations, and excessive trading.

Negligent supervision violates FINRA Rule 3110, which requires firms to establish systems of supervision to ensure their compliance with FINRA regulations.

Background Information

John Zaffarano has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

John Zaffarano is a registered broker in 46 states, the District of Columbia, Puerto Rico, and the Virgin Islands. He is also a registered investment adviser in Florida, Louisiana, and Texas.

Kurta Law Can Help

If you worked with John Zaffarano and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.