David M. Levy, Antonio Costanzo, and Donald A. Bartelt Allegedly Made Quantitatively Unsuitable Trading and Allegedly Churned Customer Accounts
David M. Levy, Antonio Costanzo, and Donald A. Bartelt allegedly made quantitatively unsuitable trading and allegedly churned customer accounts, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.
David Levy, Antonio Costanzo, and Donald Bartelt, along with Douglas Leone and Andre LaBarbera, and Newport Securities, Inc., from September 2008 through May 2013, allegedly excessively traded and churned 24 customers’ accounts, said Complaint notes.
The Peiffer Rosca Wolf securities lawyers are investigating David M. Levy, Antonio Costanzo, and Donald A. Bartelt’s alleged unsuitable trades and churning of customer accounts.
David M. Levy, Antonio Costanzo, and Donald A. Bartelt Barred and Ordered to Pay Restitution of Almost $441,000; Levy and Costanzo Also Allegedly Attempted to Obstruct FINRA’s Disciplinary process by Refusing to Cooperate with FINRA’s Investigation
David M. Levy, Antonio Costanzo, and Donald Bartelt have been barred by FINRA for allegedly recommending quantitatively unsuitable trades and churning the accounts of customers, according to a Complaint from FINRA’s Department of Enforcement presently being reviewed by attorneys Alan Rosca and James Booker.
The aforementioned behavior allegedly violated FINRA and NASD Rules, the Complaint notes.
Furthermore, David Levy, Antonio Costanzo, and Donald A. Bartelt also allegedly refused to cooperate with FINRA’s investigation and have been ordered to pay restitution of almost $411,000, said Complaint notes.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unsuitable trading and are currently investigating David M. Levy, Antonio Costanzo, and Donald A. Bartelt’s alleged unsuitable trading. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of David M. Levy, Antonio Costanzo, and Donald A. Bartelt’s alleged unsuitable trading may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.
from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2h9omqZ
via Securitieslitigatos.com
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