Last Updated: October 2025 — Roselle Park, NJ
Here’s what you need to know about Roselle Park, NJ stockbroker Rod Thomas:
- Name: Rodger Erik Thomas
- Alias: Rod Thomas, Rodger Drik Thomas
- Current Employer: Newbridge Securities Corporation (FINRA broker; registered since 10/24/2018); Investment Adviser Rep with NFSG Corporation (registered since 10/30/2018)
- Prior Firms: SCF Securities, Inc.; SCF Investment Advisors, Inc.; Kovack Securities Inc.; Kovack Advisors, Inc.; National Securities Corporation; National Asset Management, Inc.; Ameriprise Financial Services, Inc.; Ameriprise Advisor Services, Inc.; Morgan Stanley DW Inc.
- Other Business Affiliations: Shield Capital Advisory (President); Life & Health Insurance Agent
- CRD number: 4010563
- Stockbroker / Financial Advisor: Yes — currently registered with 2 SROs and licensed in multiple U.S. states/territories; passed SIE, Series 7, Series 65, and Series 66
- Can Broker be Sued in FINRA: Yes
- Highest Award or Settlement: $36,902
- Current Customer Dispute Seeks Total Damages of: $500,000
If you’ve sustained damages from Mr. Thomas, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Rodger E. Thomas as Your Stockbroker?
Thomas discloses one pending FINRA arbitration and several prior, settled disputes:
- Pending (filed August 2025) — FINRA Case No. 25-01739:
A of SCF Securities and Newbridge alleges unsuitable recommendations in alternative investments (including BDCs and LLCs) between Dec. 2016 and Aug. 2018. Damages sought: $500,000. - Settled June 27 2023 — FINRA Case No. 23-00496:
Allegation: Misrepresentation involving an alternative investment while at Newbridge. Settlement: $10,000 - Settled Jan. 2022 — FINRA Case No. 21-02567:
Allegations: Unsuitable recommendation, misrepresentation, breach of fiduciary duty related to GPB Automotive Portfolio, LP while at SCF Securities, Inc. Settlement: $25,000. - Settled May 2011: Allegation: Structured products were misrepresented to the client while at Ameriprise. Settlement: $36,902.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
More on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Rodger E. Thomas
- Unsuitable Recommendations — Recommending investments inconsistent with a customer’s profile can violate FINRA Rule 2111 (Suitability); for retail customers after June 30, 2020, recommendations must also satisfy SEC Regulation Best Interest (Exchange Act Rule 15l-1).
- Breach of Fiduciary/Best-Interest Obligations — Alleged in prior matters; Reg BI’s Care Obligation requires acting in the customer’s best interest.
- Misrepresentation / Omission of Material Facts — Use of misleading statements may implicate FINRA Rule 2020 and FINRA Rule 2010.
If you’ve sustained damages from Mr. Thomas, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
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 Rodger Erik Thomas, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued On Behalf of Our Clients
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.
Nationwide RepresentationMost cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.