Category Archives: Newport Coast Securities

George E. Johnson-Former Newport Coast Broker-Discloses $2.6M Customer Dispute

July 2016-Chicago, Illinois

The FINRA records of George E. Johnson  , a former stockbroker who was last  employed by  Newport Coast Securities  disclose 3 final regulatory events, 6 prior customer disputes and a pending customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In February 2016 Johnson was permanently barred from the securities industry by FINRA who had named him in a complaint alleging that he manipulated the market for a common stock by soliciting certain customers to sell the stock at increasingly higher and artificially inflated prices, frequently effecting matched orders among his own customers. FINRA Case#2013035533701.

In currently pending FINRA Case 15-02391, a customer of Garden State Securities and Meyers Associates alleges damages of $2.6 million for unsuitability.

Johnson was employed by Newport Coast Securities from 4/2013-2/2016, by Meyers Associates from 11/2011-5/2013 and by Anderson & Strudwick from 7/2010-12/2011.

Investors who suffered losses in an account handled by George E. Johnson may be entitled to recover damages from his former employer through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Neil D. Pecker of Longwood, Florida, Ordered to Pay Millions in Fines/Restitution

UPDATE MARCH 2017-Longwood, FL

Public records disclose that on March 8, 2017, in an action filed by the U.S. Commodity Futures Trading Commission in the U.S. District Court for the Southern District of Florida, a consent order was entered against Neil D. Pecker and his company Viseon Financial Planners , who were charged with fraudulent solicitation and misappropriation in connection with off-exchange binary options. Restitution of $2.7 million and a civil monetary penalty of $3..7 million were ordered. Case# 16-cv-60297. 

Pecker was permanently barred from the securities industry by FINRA in 12/2016.

ORIGINAL POST-July 2016-Longwood, Florida

The FINRA records of Neil D. Pecker  , a stockbroker who was last  employed by  Coastal Equities  disclose a pending civil event and a prior customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In February 2016 the U.S. Commodity Futures Trading Commission filed a civil action against Pecker and his company Vision Financial Partners, of Deerfield, FL,  charging them with fraud in connection with off-exchange binary options and registration violations. Pecker and his company are alleged to have diverted $2 million of client funds to bank accounts for their own use.

Pecker was employed by a number of broker dealers over the recent years, including Coastal Equities, Westpark Capital, Newport Coast Securities and First Midwest Securities.

Investors who suffered losses in an account handled by Neil D. Pecker may be entitled to recover damages from his former employer through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Emil Botvinnik-Salomon Whitney Broker-Discloses Customer Disputes

UPDATED APRIL 2017Botvinnik discloses the settlement FINRA Case 16-3284 filed by a customer of Salomon Whitney Financial (SW Financial ) alleging damages of$50,000 for unsuitable and high frequency trades, highly leveraged account and not minimizing risk. In February 2017 the case was settled for $30,000.

Original Post—July 2016

The FINRA records of Emil Botvinnik  , a stockbroker who is currently employed by  Salomon Whitney Financial  disclose 4 prior customer disputes , a pending customer dispute and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In July 2014 a customer of Meyer Associates alleged damages of $385,000 for excessive commissions. That matter was settled for $385,000 with Botvinnik contributing $192,500 toward the settlement.

In currently pending FINRA Case#16-01051 a customer of Meyers Associates alleges damages of $99,000 for suitability and churning.

Botvinnik has been  employed by   Salomon Whitney Financial since 11/2015.  Prior to that he was with Newport Coast Securities from 11/2014-11/2015 and before that with Meyers Associates 6/2012-11/2014.

In 9/2009 Botvinnik was permitted to resign from Liberty Partners Financial Services who alleged unauthorized trades and use of discretion over a client.

Investors who suffered losses in an account handled by Emil Botvinnik may be entitled to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Donald A. Bartelt-Former Newport Coast Securities Broker-Discloses Pending Regulatory Action for Churning

July 2016-Cave Creek, AZ

The FINRA records of Donald A. Bartelt  , a former stock broker who was last employed by  Newport Coast Securities  disclose a pending regulatory event,  a prior customer dispute , a pending customer dispute and a pending financial event.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Bartelt‘s FINRA disclosure reports that he is named in a FINRA complaint alleging that he, with his then member firm Newport Coast Securities and other firm representatives excessively traded and churned customer accounts. FINRA alleges that the trading was excessive in light of and inconsistent with, the customer’s investment objectives. FINRA Case# 2012030564701.

In the currently pending dispute a customer of Newport Coast Securities alleges damages of $113,000 for misconduct from 6/18/2010-1/23/13.

Bartelt discloses a pending Chapter 13 bankruptcy proceeding in the District of Arizona.

Bartelt was employed by   Newport Coast Securities  from 5/2010-8/2014. Prior to that he was with United Planners Financial Services. He is not currently registered with any FINRA broker dealer.

Investors who suffered losses in an account handled by Donald A. Bartelt may be entitled to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Antonio Costanzo-Former Newport Coast Securities Broker-Discloses Churning Complaint-Industry Bar

July 2016-Chesapeake, VA

The FINRA records of Antonio Costanzo  , a former stock broker who was last employed by  TItus Rockefeller  disclose a pending regulatory event, a prior final regulatory event, 8 prior customer disputes and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Costanzo‘s FINRA disclosure reports that he is named in a FINRA complaint alleging that he, with his then member firm Newport Coast Securities and other firm representatives excessively traded and churned customer accounts. FINRA alleges that Costanzo engaged in a deceptive and manipulative scheme by churning the accounts of customers and acted with the intent to defraud customer’s interests by seeking to maximize his own remuneration. Costanzo violated his obligation to conduct his activities in accordance with ethical standards by conditioning restitution offers upon customer’s’ refusal to cooperate with a FINRA investigation and by attempting to dissuade customers from testifying in the disciplinary hearing. FINRA Case# 2012030564701.

In August 2015, Costanzo was permanently barred from the securities industry by FINRA for failing to respond to a FINRA request for information. FINRA Case#2015044604701.

Four  of the prior customer disputes were settled with payments of monetary compensation.

In July 2008, Costanzo was discharged by Wedbush Morgan Securities who alleged “violation of industry rules, possible fraud’ in connection with the termination.

Costanzo was employed by TItus Rockefeller from  1/2013-3/2015, with IFS Securities from 7/2012-12/2012 and with  Newport Coast Securities  from 7/2008-8/2012.

Investors who suffered losses in an account handled by Antonio Costanzo may be entitled to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870