John Alexander Tarpinian of New York New York a stockbroker formerly registered with Paulson Investment Company LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $342,852.00 in damages based upon accusations that they received bad investment advice from Tarpinian regarding structured notes transactions when he was associated with Paulson Investment Company. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03271 (September 16, 2020).
FINRA Public Disclosure shows that Tarpinian has been identified in twelve customer initiated investment related disputes containing allegations of his misconduct while he was employed by Paulson Investment Company and Newport Coast Securities. On June 30, 2016, a customer filed an investment related complaint concerning Tarpinian’s activities. They requested $20,000.00 in damages founded on accusations that they received unbalanced and unfair information relating to the risks of corporate debt investments at Newport Coast Securities.
On October 2, 2018, another customer initiated investment related complaint regarding Tarpinian’s conduct was resolved for $13,873.43 in damages supported by allegations that the customer received unsuitable investment advice regarding corporate bonds from Tarpinian between September of 2017 and November of 2017 when Tarpinian was registered with Newport Coast Securities and Paulson Investment Company.
Tarpinian is also the subject of a customer initiated investment related written complaint which was settled for $17,327.39 on October 2, 2018, based upon accusations of poor advice by Tarpinian as it pertains to 2017 corporate debt investments at Paulson Investment Company.
Tarpinian is referenced in another customer initiated investment related FINRA securities arbitration claim that was resolved for $23,000.00 in damages founded on allegations of negligent supervision and fraud concerning corporate debt investments through Tarpinian at Paulson Investment Company and Newport Coast Securities. FINRA Arbitration No. 19-03162 (May 7, 2020). According to the claim, between February of 2013 and March of 2019, the customer invested in unsuitable products. The claim also contains accusations of breach of fiduciary duty and breach of contract resulting in damages.
On May 7, 2020, a different customer initiated investment related FINRA securities arbitration claim involving Tarpinian’s activities was settled for $55,000.00 in damages supported by allegations of the customer being placed into unsuitable corporate bonds from August of 2015 to May of 2019 because of Tarpinian. FINRA Arbitration No. 19-01009. The claim alleges that the customer had been defrauded. Accusations also include negligent supervision and a breach of fiduciary duty when Tarpinian was associated with Newport Coast Securities and Paulson Investment Company.
Tarpinian is also the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $15,000.00 in damages based upon allegations including breach of contract, breach of fiduciary duty, negligent supervision, and unsuitable trading between March of 2013 and April of 2019. The claim alleges that the stockbroker committed fraud against the Newport Coast Securities customer. FINRA Arbitration No. 19-01165 (May 7, 2020).
Tarpinian was also fined $25,000.00 and ordered by Securities and Exchange Commission (SEC) to cease and desist violating Investment Advisers Act founded on accusations of Tarpinian omitting that he effected trades as principal and omitting mark-downs and mark-ups charged to Newport Coast Securities customers. Case No. 3-18337 (January 17, 2018).
Tarpinian was registered with Paulson Investment Company between December 4, 2015, and September 7, 2018.