Gregory Walter McCloskey (also known as Gregory Walter Meier) of Newport Beach California a stockbroker formerly registered with WestPark Capital Inc. has been terminated by the securities broker dealer on October 7, 2019 founded on accusations that McCloskey failed to comply with a heightened supervision plan that was implemented because of his misconduct in the securities industry.

FINRA Public Disclosure confirms that McCloskey has been fined and suspended from associating with any FINRA member in any capacity supported by allegations that he sold securities away from prior securities broker dealer employer, Newport Coast Securities Inc. Letter of Acceptance, Waiver and Consent No. 2015044037901 (May 1, 2017).

According to the AWC, two Newport Coast customers were advised by McCloskey to purchase investments in CW – an investment Newport Coast did not offer to its customers. Newport Coast neither received notification from McCloskey in regard to the private securities transactions nor authorized those transactions. McCloskey violated FINRA Rules 2010 and NASD Rules 2110 and 3040 by selling away.

Also, McCloskey is the subject of a customer initiated investment related complaint on April 30, 2018 where the customer requested $20,000.00 in damages based upon accusations that when McCloskey was employed by Newport Coast or WestPark Capital, the securities he recommended or sold through a private placement were wholly unsuitable; false or misleading statements had been made by the stockbroker concerning the terms, conditions or risks of those investments; and the customer was excessively charged.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website