Securities Arbitration Lawyers BlogFINRA Permanently Bars Broker Richard McGuire for Taking Funds and Forging Signatures
Allegations include conversion and elder financial fraud among numerous other unethical acts
FINRA has taken strong action against investment broker Richard McGuire, a long-time broker who was most recently registered with Newport Coast Securities Inc. and Financial West Group, both located in New York.
McGuire has been permanently barred from associating with any FINRA member in any capacity for numerous alleged unethical actions including stealing from his clients, forging signatures, failing to notify his brokerage firms about outside brokerage accounts, and taking advantage of older and unsophisticated clients for his own personal gain.