WARNING! Impending Investigation: JOSEPH MAHALICK and NEWPORT COAST SECURITIES, INC.
Investigation of Joseph Mahalick and Newport Coast Securities, Inc.
Have you lost money with financial advisor Joseph Mahalick of Chicago, Illinois? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Joseph Mahalick. FINRA barred Mahalick from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Mahalick regarding allegations that he intentionally misidentified a broker of record on account applications, in an attempt to cover up for another representative who allegedly violated securities regulations.
Joseph Mahalick was a financial advisor and registered representative of Newport Coast Securities, Inc. from April 2013 to October 2015. He was also with Meyers Associates from November 2011 to April 2013. He worked at a branch office in Chicago, Illinois.
Brokerage firms like Newport Coast Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Illinois, and both attorneys Aaron Israels and David Neuman are licensed to practice law in Illinois. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Mahalick FINRA AWC
Click to view: Mahalick BrokerCheck 1.27.16
HAVE YOU LOST MONEY WITH JOSEPH MAHALICK or NEWPORT COAST SECURITIES?
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DENVER: (720) 599-3505
SEATTLE: (206) 795-5798