FINRA charged Gold Coast Securities (Irvine, CA) broker Joseph C Farah with churning, excessive trading, suitability, undisclosed outside business activities, material misrepresentations, and additional violations and failures related to discretion, according to a Department of Enforcement complaint filed with FINRA’s Office of Hearing Officers. According to the charges, Farah created significant risks that were incompatible with his client’s investment needs and welfare, and knowingly engaged in a manipulative, deceptive and fraudulent scheme with the intent to defraud and/or with reckless disregard of his customer’s interests.
