Last Updated: September 2025 — Scottsdale, AZ
Here’s what you need to know about Scottsdale, AZ, stockbroker Elaine M. Zito:
- Name: Elaine Marie Zito
- Current Employer: SmartLife Financial Group LLC — Registered Investment Adviser Representative (11/2019–Present), Scottsdale, AZ
- Prior Firms: Newbridge Securities Corporation (11/2016–11/2019); Questar Capital Corporation (01/2016–11/2016); First Allied Securities, Inc. (08/2012–01/2016); NEXT Financial Group, Inc. (09/2009–08/2012); Woodbury Financial Services, Inc.
- Other Business Affiliations: Zito Wealth Strategies, Inc. (owner; fixed insurance products; trust-prep coordination; tax preparation); AFLAC Insurance (agent); Deferred Sales Trust affiliate via Zito Wealth Strategies; Prostruct Solar (referral compensation); Treasurer
- CRD number: 2849238.
- Stockbroker / Financial Advisor: Former FINRA-registered broker; currently an Investment Adviser Representative; holds the Certified Financial Planner (CFP) designation.
- Can Broker be Sued in FINRA: Yes
- Discharged by a Prior Employer: Yes
- Highest Award or Settlement: $30,000
- Current Customer Disputes Seek Total Damages of: Approximately $425,000
If you’ve sustained damages from Ms. Zito, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Elaine M. Zito As Your Stockbroker?
A pending FINRA arbitration filed July 2025 (FINRA Case No. 25-01491) alleges breach of contract, breach of fiduciary duty, negligence, and violations of state and federal securities laws tied to alternative investments (GWG) while Ms. Zito was at Newbridge Securities Corporation. Claimed damages: $325,000.
A second pending arbitration filed March 2022 in FINRA–Phoenix (FINRA Case No. 22-00676) alleges that First Allied customers were recommended unsuitable real-estate securities, with additional claims of negligent supervision and breach of contract. Claimed damages: $100,000.
Ms. Zito also discloses two settled customer disputes stemming from her time at Newbridge:
• Filed April 2024 (FINRA Case No. 24-00842) alleging breach of fiduciary duty and negligence involving non-traded REITs, settled July 15, 2025 for $2,500
- Filed March 2023 (FINRA Case No. 23-00576) alleging breach of fiduciary duty, negligence, and breach of contract involving alternative investments, settled September 11, 2024 for $30,000 .
Allegations of Broker Misconduct Against Elaine M. Zito
- Unsuitability
- Breach of Fiduciary Duty & Negligence
- Breach of Contract
- Unauthorized Trading / Use of Discretion
- Misrepresentation/Omissions
Other Cases Involving Unauthorized Trading
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Newbridge Securities brokers
If you have suffered investment losses in an account handled by Elaine M. Zito, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.