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PRESS RELEASE - January 26, 2006
For Release January 26, 2006 - Burbank, California
NPB Financial Group, LLC
is pleased to announce its formation as a broker-dealer and member of the
FINRA, MSRB and SIPC. In addition to California, the company will
conduct a retail securities business in Arizona, Colorado, and Nevada.
The Company will also be licensed as an SEC registered investment advisor
and a life insurance agency. Products and services offered to
the public will include mutual funds, stocks and bonds, variable insurance
and real estate securities.
Neal E. Nakagiri,
51, President and Chief Executive Officer, has been in the securities
business since 1976, when he joined the Los Angeles FINRA district office
staff.
In 1980, Mr. Nakagiri became Vice President and Compliance Director of
Wagenseller & Durst, Inc. a regional NYSE member firm.
In 1983, Mr. Nakagiri was appointed First Vice President and Compliance
Director of Jefferies & Company, Inc., which at the time was the largest
third market firm in the country.
In 1984, Mr. Nakagiri joined Morgan Olmstead Kennedy & Gardner as its
Compliance Director.
In 1985, Mr. Nakagiri joined Associated Securities Corp. ("ASC") as its
Compliance Officer, promoted to General Counsel, Corporate Secretary,
Chief Operating Officer, and was appointed President and Chief Executive
Officer in February, 2000.
Since leaving ASC at the end of 2004, Mr. Nakagiri has functioned as a
business consultant, a lawyer, and a member of the board of directors of
Meredith Enterprises, Inc., a REIT formerly listed on the American Stock
Exchange.
Mr. Nakagiri is a former member of the FINRA Los Angeles District
Committee, (2001-2003) and a current member of the FINRA National
Adjudicatory Council, (2004-2006). He will be Vice Chair of the NAC
in 2006.
Mr. Nakagiri is a current member of the State Bar of California. His
JD degree is from Loyola Law School of Los Angeles, (1991), and his BA
Economics degree is from UCLA (1976).
Shirley J. Coria,
49, Vice President and Chief Administrative Officer, started her
securities industry career in 1981 as an administrative assistant in the
Los Angeles FINRA district office. In 1983, she joined Associated
Securities Corp. as a member of the administrative staff, and rose to the
role of Senior Vice President in charge of human resources and
registration and licensing. She was responsible for reviewing and
maintaining the registration and licensing process for securities,
insurance and investment advisory business.
Ms. Coria is also a consultant for The Citadel Group, LLC, specializing in
human resources matters.
Ms. Coria holds a
Masters Degree in Human Resource Design from the Claremont Colleges, and a
BA degree from California State University, Los Angeles.
Gary K. Ching,
42, Vice President and Chief Financial Officer, joined the operations
staff of Associated Securities Corp. in 1987, and was most recently a Vice
President in charge of developing investment advisor products and
services, and maintaining the operational capabilities to increase assets
under management.
Mr. Ching earned a Bachelor of Business Administration in Finance degree
from the University of Hawaii in 1986.
Allen M. Simmer, 53, Chief Information Officer, will provide
information technology services to the Company. Mr. Simmer has his
own firm, ASC Brokersoft, which offers information technology expertise to
the securities industry.
The Company will be owned by its management staff and certain registered
principals. The Company’s main office is located at 3500 W. Olive
Avenue, Suite #300, Burbank, California 91505. The phone number is
818-827-7132.
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