John Alexander Tarpinian (John Tarpinian) Financial Advisor/Broker John Tarpinian Ordered to Cease and Desist by SEC | Goodman & Nekvasil, P.A. May Recover Investor Losses
John Tarpinian was a previously licensed financial advisor/broker with Pauslon Investment Company LLC. According to FINRA, John Tarpinian was ordered to cease and desist and fined $25,000 by the SEC. Five recent customer disputes have also been settled involving John Tarpinian’s conduct.
According to the SEC:
The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative and cease-and-desist proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Sections 203(f) and 203(k) of the Investment Advisers Act of 1940 (“Advisers Act”), against John Tarpinian. These proceedings involve John Tarpinian’s undisclosed principal trades with advisory clients while he was associated with a dually-registered broker-dealer and investment adviser, Newport Coast Securities, Inc. From approximately March 2013 through December 2015, John Tarpinian engaged in thousands of trades between Newport’s brokerage proprietary trading account and advisory client accounts, without first providing written disclosure that that he was effecting the trades as a principal or obtaining consent from his clients for such trades. John Tarpinian also charged undisclosed mark-ups and mark-downs to such clients with respect to such trades and unlawfully obtained approximately $50,000. As a result of this conduct, John Tarpinian willfully aided and abetted and caused Newport’s violations of Section 206(3) of the Advisers Act.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with John Tarpinian and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning John Tarpinian’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with John Tarpinian and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 7/9/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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