Newport Coast Securities, Douglas A. Leone and Andre V. LaBarbera Allegedly Churned Customer Accounts
Newport Coast Securities, Douglas A. Leone and Andre V. LaBarbera allegedly churned customer accounts, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.
Newport Coast Securities, Douglas A. Leone and Andre V. LaBarbera also allegedly recommended unsuitable trades to customers, the Complaint notes.
The Peiffer Rosca Wolf securities lawyers are investigating Newport Coast Securities, Douglas A. Leone and Andre V. LaBarbera’s alleged churning of customer accounts.
Newport Coast Securities Allegedly Failed to Supervise Five Registered Reps, Expelled and Barred, Ordered to Pay Restitution of Almost $413,000
Newport Coast Securities allegedly failed to supervise five registered reps, according to the aforementioned FINRA Complaint presently under review by attorneys Alan Rosca and James Booker.
As a result of the aforementioned behavior, Newport Coast Securities allegedly violated FINRA and NASD Rules.
Hence, Newport Coast Securities has been expelled and barred by FINRA and ordered to pay restitution of nearly $413,000, the Complaint reports.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged customer account churning and are currently investigating Newport Coast Securities, Douglas A. Leone and Andre V. LaBarbera’s alleged customer account churning. 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 Newport Coast Securities, Douglas A. Leone and Andre V. LaBarbera’s alleged customer account churning 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/2hXUzQu
via Securitieslitigatos.com
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