Garden State Securities Stockbroker Terminated For Unsuitable Recommendations

Tyre Fred Newsome, of New York, New York, a stockbroker with Garden State Securities, Inc., was terminated from employment on April 4, 2016, based upon allegations that he made unsuitable investment recommendations to the firm’s customers concerning investments.

Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on April 18, 2011, a customer filed an investment related complaint involving Newsome’s conduct, in which the customer requested $125,000.00 in damages based upon allegations that Newsome effected unauthorized exchange traded fund transactions in the customer’s account.

Since September 17, 2004, Newsome has been associated with eleven different broker dealers, five of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.  #cockroach

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