Rodger Thomas is Facing a Half-Million Investor Dispute

Rodger Thomas (CRD #: 4010563), a broker registered with Newbridge Securities Corporation, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 28, 2025. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations

On August 20, 2025, an investor alleged that Rodger Thomas recommended unsuitable alternative investments. The investor is seeking $500,000.

Investors should know that this is the fourth investor dispute on his record.

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Financial goals
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information

Rodger Thomas has passed the following exams:

• Series 66 Uniform Combined State Law Examination
• Series 65 Uniform Investment Adviser Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 11 states and is a registered investment adviser in Louisiana and New Jersey.

During his 25 years of experience, Rodger Thomas has registered with 11 firms. These are the five most recent:

• Newbridge Securities Corporation (CRD #: 104065)
• NFSG Corporation (CRD #: 130814)
• Kovack Advisors (CRD #: 140808)
• SCF Investment Advisors (CRD #: 123608)
• SCF Securities (CRD #: 47275)

Kurta Law Can Help

If you worked with Rodger Thomas 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 that 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.