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.
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