downward graph

Donald A. Bartelt, of Cave Creek, Arizona, is currently subject to a pending customer dispute from May 28, 2013, in which the customer requested $113,000.00 in damages in connection with allegations against Bartelt of engaging in misconduct over several years in the customer’s investment account.
Public Disclosure records reveal that Bartelt has previously settled a customer dispute on September 22, 2008, in which a customer received $70,000.00 in damages after alleging that Bartelt made unsuitable investment recommendations to the customer while Bartelt was associated with Multi-Financial Securities Corporation.
On July 28, 2014, Bartelt was named in a Complaint by Financial Industry Regulatory Authority (FINRA) Department of Enforcement, in which Bartelt was alleged to have excessively churned and traded in customers’ accounts. Department of Enforcement v. Newport Coast Securities, Inc., et al., No. 2012030564701 (July 28, 2014).
According to the Complaint, Bartlett caused customers to bear cost/equity ratios and turnover rates in excess of one-hundred percent. Additionally, Bartelt was alleged to have engaged in substantial trading, and subjected customers to excessively high margins and over concentrations in assets. Per the Complaint, Bartelt was alleged to have violated Securities Exchange Act of 1934 Section 10(b), SEC Rule 10b-5, NASD Rules 2110, 2310, NASD IM-2310-2, and FINRA Rules 2010, 2111, and 2020.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer

Guiliano Law Group

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at