Five Newport Coast Securities Representatives Charged with Churning and Excessive Trading

Investment fraud lawyers

From September 2008 through May 2013, five brokers associated with Newport Coast Securities Inc., based in New York, churned the accounts of 24 customers, using highly margined and high-risk securities to generate substantial commissions while at the same time causing $1 million in damages to said customers, FINRA alleges. FINRA’s Department of Enforcement further alleges… Read more »