Daniel Irvin McCourt—Private Securities Transactions without Proper Notice

investors rights attorneysDaniel Irvin McCourt, Surf City Coffee Entrepreneur, Allegedly Participated in Private Securities Transactions without First Providing Proper Prior Written Notice to his member firm, Foothill Securities, Inc.

Daniel Irvin McCourt, in or around 1990, initiated a proper outside business activity, notifying his firm, Foothill Securities Inc. that he was starting Surf City Coffee, according to a Recent FINRA Department of Enforcement Complaint currently under review by attorneys Joe Peiffer and Alan Rosca.

McCourt, however, from May 3, 2005 to May 29, 2009, McCourt’s business allegedly began accepting investments from investors in the form of long-term promissory notes, the Complaint notes.

Said customers allegedly included Foothill customers, the Complaint further reports. The Peiffer Rosca Wolf securities lawyers are currently investigating Daniel Irvin McCourt and his alleged outside business activity and investors may contact the firm.

Daniel Irvin McCourt  Suspended and Fined by FINRA; Allegedly Raised at Least $1,290,000 through the Issuance of Long-term Promissory Notes, Including Eleven Customers from His Member Firm Foothill Securities Totaling Approximately $1,102,000

Daniel Irvin McCourt’s alleged outside business activity has raised at least $1,294,000 from issuing long-term promissory notes from May of 2005 through May of 2009, according to the aforementioned FINRA Complaint being reviewed by attorneys Joe Peiffer and Alan Rosca.

Daniel Irvin McCourt allegedly raised approximately $1,102,000 through the issuance of the promissory notes was from eleven Foothill customers, and with said promissory notes holding maturity dates in excess of nine months with some outstanding in excess of three years.

As a result of the aforementioned behavior, Daniel Irvin McCourt allegedly violated NASD and FINRA Rules and FINRA has suspended him for two years and also issued a fine of $50,000.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of unauthorized outside business activities, and are currently investigating Daniel Irvin McCourt’s alleged investment scheme. 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 Daniel Irvin McCourt’s alleged  unauthorized outside business activity may contact the securities 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 (1123 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.