Russell Newton — Potential Securities Law Violations

California stockbroker fraud attorneyRussell W. Newton Allegedly Engaged in Potential Securities Law Violations

Russell Newton allegedly took part in potential securities law violations, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Russell Newton’s alleged participation in potential securities law violations are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Russell Newton’s alleged participation in potential securities law violations.

Newton has a rather storied history in the securities industry starting way back in 1982, and he was registered between December 2001 and October 2016 through Source Capital Group, Inc., according to the aforementioned AWC. Newton served as a general securities rep for Source as well as in the following additional capacities: Financial and Operations Principal; General Securities Principal; Municipal Securities Representative; and Municipal Securities Principal, according to the aforementioned AWC.

Russell W. Newton Barred by FINRA

Russell Newton, related to a FINRA investigation into potential securities law violations during the time he was associated with Source, received a request from FINRA staff that Newton appear for on-the-record testimony pursuant to FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Newton, as stated in conversations with FINRA staff on May 19, 2017, allegedly acknowledged that he received FINRA’s request and purportedly stated that he would not provide on-the record testimony at any time, the AWC reports.

Newton, by allegedly refusing to provide on-the-record testimony as requested pursuant to FINRA Rules, purportedly violated FINRA Rules. Hence, Newton has been barred by FINRA, the AWC states.

Russell Newton also has served as Chief Financial Officer at Source Capital Group, Inc. and was responsible for all financial aspects of Source Capital’s business, and was involved in the firm’s investment banking business, according to reports from Westport, Connecticut.

Although Newton is not currently associated with a FINRA member firm, FINRA retains jurisdiction over him pursuant to FINRA’s By-Laws, the AWC notes.

One should also note that, according to the AWC, Russell W. Newton neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Russell Newton’s alleged participation in potential securities law violations. 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 Russell Newton’s alleged participation in potential securities law violations 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.

Alan Rosca (1252 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.