Aaron Heimowitz— Participation in Private Securities Transactions

Aaron Heimowitz Allegedly Took Part in Private Securities Transactions Without Proper Prior Notice from Newport Coast Securities, Inc.

Aaron Heimowitz allegedly took part in private securities transactions without providing prior written notice to, or receiving prior written approval from Newport Coast Securities, Inc., according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

The AWC goes one to allege that Heimowitz recommended four Newport Coast customers purchase securities in three companies not offered through Newport Coast.

To be exact, Heimowitz allegedly recommended that one customer invest in a gold mining company at which Heimowitz’s son served as CEO, the AWC notes.

Aaron Heimowitz Suspended and Fined $15K by FINRA

Aaron Heimowitz allegedly recommended all of his customers to invest in two other companies, both of which specialized in the production and development of renewable energy, according to the AWC.

The AWC further alleges that Heimowitz was a consultant for said companies. What is more, when it came to outside business activity, Heimowitz also allegedly purchased gold and silver coins from US Treasury and sold them to the customers without prior approval, the AWC reports.

As a result of the aforementioned behavior, Heimowitz allegedly violated NASD and FINRA Rules, and therefore has been suspended by FINRA for seven months and fined $15,000, according to the AWC.

The Peiffer Rosca Wolf Investor Rights Lawyers Often Assist Investors

The Peiffer Rosca Wolf investor rights lawyers often represent investors who lose money as a result of alleged undisclosed private securities transactions. 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 undisclosed private securities transactions may contact the investor rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1163 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.