Tag Archives: Newport Coast Securities Inc.

FINRA Charges Newport Stockbroker In Selling Away Scheme With The Elderly

December 07, 2020  |   Posted by :   |   Elder Financial Abuse, Investment and Regulatory News   |   Comments Off on FINRA Charges Newport Stockbroker In Selling Away Scheme With The Elderly

Gregory Walter McCloskey (also known as Gregory Walter Meier) of Newport Beach California a stockbroker formerly registered with Westpark Capital Inc. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with selling away from the securities broker dealer, obstructing the regulator’s investigation and falsifying information in its investigation. Department of Enforcement v. […]

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Newport Coast Stockbroker Barred For Conversion

David Oscar Braeger of Milwaukee Wisconsin a stockbroker formerly employed by Newport Coast Securities Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council Decision which affirmed a FINRA Extended Hearing Panel Decision barring Braeger from associating with any member in any capacity based upon findings that (1) Braeger made misrepresentations […]

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SEC Nails Newport Coast Director For Illegal Fees

John Alexander Tarpinian of New York New York a former Newport Coast Securities Managing Director has been censured and fined $25,000.00 by Securities and Exchange Commission (SEC) according to an Order Instituting Administrative Cease and Desist Proceedings Pursuant to Securities Exchange Act of 1934 Section 15(b) and Investment Advisers Act of 1940 Section 203 containing […]

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FINRA Affirms Expulsion Of Newport Coast Securities

June 12, 2018  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News   |   0 Comments

Newport Coast Securities Inc. a former Financial Industry Regulatory Authority (FINRA) member brokerage firm headquartered in New York New York and stockbrokers Douglas Anthony Leone and Andre V. La Barbera are subject of a FINRA National Adjudicatory Council Decision which affirmed FINRA’s Extended Hearing Panel’s findings that (1) the firm and its stockbrokers churned customer […]

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Another Newport Coast Securities Stockbroker Barred For Defrauding Customers

Donald Bartelt, of West Palm Beach, Florida, a stockbroker formerly registered with Newport Coast Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity per a FINRA Office of Hearing Officers’ Default Decision containing findings that Bartelt effected unsuitable trades and churned customer accounts. Department of Enforcement […]

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Newport Coast Securities Stockbroker Barred For Defrauding Customers

November 02, 2016  |   Posted by :   |   Boilerroom Sales, Churning, Securities Fraud   |   0 Comments

Antonio Costanzo, of West Palm Beach, Florida, a stockbroker formerly registered with Newport Coast Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity based upon a Default Decision containing findings that Costanzo made unsuitable investment recommendations to customers, effected unsuitable trades, churned customer accounts, and failed […]

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Customers Rush to Sue Newport Coast Securities Stockbroker Rushton Audrey

September 27, 2016  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   0 Comments

Rushton L. Ardrey III, of Boston Massachusetts, a stockbroker with Newport Coast Securities, Inc., is currently subject to pending customer disputes. Particularly, on February 9, 2016, Ardrey became subject to a pending customer dispute in which he was alleged to have engaged in unauthorized and unsuitable trading. According to FINRA Public Disclosure Records, Ardrey has […]

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Newport Coast Securities Stockbroker Charged With Stealing

David O. Braeger, of Irvine California, a stockbroker with Newport Coast Securities, Inc., was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Braeger converted customer funds and made misrepresentations concerning investments. Department of Enforcement v. David O. Braeger, No. 2015045456401 (July 20, 2016). According to the Complaint, customers […]

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Another Newport Coast Securities Stockbroker Barred For Fraud

Leonard Allen Goldberg, of Palm Springs, California, a stockbroker with Newport Coast Securities, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per an Order Accepting Offer of Settlement containing findings that Goldberg engaged in unsuitable and fraudulent trading of funds in customer accounts. Department of Enforcement […]

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Newport Coast Securities Stockbroker Barred In Investigation

February 12, 2016  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Joseph G. Mahalick of Chicago, Illinois, a stockbroker for Newport Coast Securities Inc., was barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity after consenting to findings that he failed to cooperate with a FINRA investigation into allegations of his sales practice violations. Letter of Acceptance, Waiver and […]

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