Newport Coast Securities (NCS) is a broker-dealer and member of FINRA and is not a self-clearing firm.  Thus, NCS relies heavily on our two clearing firms Penson Financial Services “Penson” and Wedbush Morgan Securities “Wedbush” in the event of a significant business disruption. 

FINRA Rule 3510 requires each member firm to create and maintain a business continuity plan.  In accordance with this rule, NCS has developed a plan to ensure that business continues to run uninterrupted during business emergencies. 

Wedbush (Rule 605)

Newport Coast Securities (Rule 605)

Disclosures of order routing practices. (Rule 606)

Grant Bettingen, INC (GBI) Prior to September 2009 (Rule 606)

Newport Coast Securities (Rule 606)

WEDBUSH

PENSON

ANTI-MONEY LAUNDERING (AML) PROGRAM