[Jayhawk]

Originally Posted by Queenie504

Time for a new broker.

You need to go NOW, TODAY, and find a more stable company. The one you are with is part of the Newbridge Family of investors and the look is not good. You have a tiny local family-run advisor (at least half the employees are family) supported by a mid-size investment house with weak financial results.

More 'doubt' about this broker-dealer's future - InvestmentNews


At the end of 2019, the firm had an accumulated deficit of $9.2 million and net cash used by operations, a cash flow metric, of $928,000, according to its annual audited financial statement on file with the Securities and Exchange Commission.

That puts the firm in an unenviable position, according to the filing. “These conditions raise substantial doubt about the company’s ability to continue as a going concern,” according to the filing, known as a Focus report. Although Newbridge filed the report at the end of February, it did not become publicly available until recently on the SEC’s website.

The firm has about 175 registered reps and 50 branches.

In the Focus report for 2018, Newbridge’s auditor said the firm had sizable financial problems. “The company has a large accumulated deficit and negative cash flows from operations,” according to a letter from Liggett & Webb, which was addressed to the firm’s board