Andrew Fairchild (CRD#: 1959274), a registered representative with Newbridge Securities Corporation (CRD#: 104065), has been suspended from the securities industry and sanctioned by the Florida Office of Financial Regulation, according to his BrokerCheck record accessed on March 10, 2020.
On January 9, 2020, the Florida Office of Financial Regulation issued a cease and desist order against Andrew Fairchild, who consented to the findings that he “failed to observe high standards of commercial honor and just and equitable principles of trade.” He agreed to cease and desist from securities violations. He was also fined $10,000. The Florida Office of Financial Regulation agreed to approve Andrew Fairchild’s application to associate with Newbridge Securities Corp. and Newbridge Service Group, Inc. in Florida—on the condition that he be subject to a two-year registration agreement with Florida securities regulators.
This recent sanction from Florida securities regulators is not the only disclosure on Andrew Fairchild’s BrokerCheck record. Andrew Fairchild was also permitted to resign from a brokerage firm and was later suspended by FINRA. On December 6, 2018, Andrew Fairchild was permitted to resign from Investacorp after the firm found that he called annuity companies requesting withdrawals on behalf of clients. One year later, on December 6, 2019, FINRA suspended him from the securities industry after the self-regulatory organization found that he impersonated clients on phone calls, requesting the redemption of funds from variable annuities purchased by customers. Andrew Fairchild consented to the findings, as well as a two-month suspension and a $7,500 fine. Why would Andrew Fairchild impersonate clients? FINRA found that he impersonated customers to get around a firm policy permitting only customers to request redemptions over the phone. Andrew Fairchild’s suspension lasted from January 6, 2020 to March 5, 2020. More details of this disciplinary action can be found here.
In addition to his current role with Newbridge Securities Corporation (CRD#: 104065), Andrew Fairchild has also worked for eight other brokerage firms:
- Kovack Securities Inc. (CRD#: 44848)
- Investacorp, Inc. (CRD#: 7684)
- Investors Capital Corp. (CRD#: 30613)
- PMG Securities Corporation (CRD#: 27107)
- Commonwealth Equity Services, Inc. (CRD#: 8032)
- Prime Capital Services, Inc. (CRD#: 18334)
- Vantage Financial Services, Inc. (CRD#: 19611)
- First Investors Corporation (CRD#: 305)
Andrew Fairchild is licensed to sell securities in Florida. He is also registered with FINRA and the Nasdaq Stock Market. He has passed the Series 65 – Uniform Investment Adviser Law Examination, Series 63, the SIE – Securities Industry Essentials Examination, the Series 7 – General Securities Representative Examination, and the Series 6 – Investment Company Products/Variable Contracts Representative Examination.
If Andrew Fairchild was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn about your options for recovery. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with a securities attorney.