David Levy, Antonio Costanzo, Donald Bartelt—Unsuitable Trade Recommendations

Ponzi scheme attorneys

David M. Levy, Antonio Costanzo, and Donald A. Bartelt Allegedly Made Quantitatively Unsuitable Trading and Allegedly Churned Customer Accounts David M. Levy, Antonio Costanzo, and Donald A. Bartelt allegedly made quantitatively unsuitable trading and allegedly churned customer accounts, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Joe Peiffer and… Read more »

South Florida Stockbroker David Michael Levy Accused of Fraud

New Orleans Investment fraud attorneys

David Michael Levy of Wellington, Florida, his New York-based firm Newport Coast Securities, and four other Newport stockbrokers and two Newport supervisors, have been “churning” 24 customer accounts, according to FINRA documents. “Churning” or “to churn and burn” is the Wall St. vernacular when there is unnecessarily high or excessive trading activity in an investor’s account,… Read more »