Business ProfileforNewport Private Capital LLC
Current Alerts For This Business
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On December 21, 2018 Newport Private Capital LLC and Jonathan M Hansen was issued an Order by the Commodity Futures Trading Commission (CFTC). The Order settles allegations that the business engaged in a fraudulent post-execution allocation scheme, and failed to keep required records. Under terms of the Order, the business agreed to cease and desist all violations mentioned, pay a civil monetary penalty in the amount of $315,000, and pay disgorgement in the amount of $265,000. The Order also permanently bans the business and Hansen from entering into any transactions involving commodity interests, among other things, and permanently bans them from registering with the CFTC. The Assurance was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law.
This action is final.
At-a-glance
Related Categories
Business Details
- Location of This Business
- 610 Newport Center Dr # 600, Newport Beach, CA 92660-6451
- BBB File Opened:
- 9/10/2013
- Years in Business:
- 25
- Business Started:
- 2/1/1999
- Business Incorporated:
- 11/17/2005
- Type of Entity:
- Limited Liability Company (LLC)
- Alternate Business Name
- Newport Private Capital
- Business Management
- Mr. Jonathan Hansen, Owner
- Contact Information
Principal
- Mr. Jonathan Hansen, Owner
Customer Contact
- Mr. Jonathan Hansen, Owner
Customer Complaints
0 Customer Complaints
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