Articles Tagged with Irvine California Stockbroker Misconduct Lawyer

David Braeger, of Bayside, Wisconsin, was named a respondent in a Financial Industry Regulatory Authority (FINRA) complaint alleging that he converted $33,000 of his customers’ funds and misrepresenting to the customers, through falsely stated quarterly reports and tax documents, that their investment funds were invested as they had instructed.

Formerly registered with Newport Coast Securities, Inc., an Irvine, California based broker dealer, the now unregistered David Oscar Braeger is alleged to have obtained a total of $30,000 from his customers, who instructed him to invest the funds in a private offering for Rubicon Capital Appreciation Fund (Rubicon), an entity that Mr. Braeger founded and managed.  However, Mr. Braeger allegedly never invested the customers’ funds as instructed and allegedly never returned the funds to his customers. Continue Reading