DID RICHARD ALYN RAPPAPORT CAUSE YOU INVESTMENT LOSSES?
About Richard Rappaport Of Westpark Capital, Inc.?
Richard Rappaport (CRD #1885122) is currently registered with WestPark Capital, Inc. in Los Angeles, California, where he has been since November 18, 1999. He is registered with one Self-Regulatory Organization (SRO) and licensed in six U.S. states and territories. Rappaport has passed one principal/supervisory exam, six general industry/product exams, and one multi-state securities law exam. His career includes previous registrations with EBI Securities Corporation, Joseph Charles & Assoc., Inc., and H.J. Meyers & Co., Inc., indicating a long-standing presence in the securities industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Richard Rappaport Customer Complaints and Reviews
- Regulatory Events (4 Incidents)
- Misrepresentations in Sale of Promissory Notes (November 2021): Sanctioned by FINRA for negligent misrepresentations and omissions during the sale of promissory notes, resulting in fines and a temporary suspension.
- Failure to Comply with a Suspension (October 2006): Fined $10,000 and suspended for 30 days for failing to comply with a prior suspension imposed by NASD.
- Securities License Revocation Attempt by Illinois (January 2006): Illinois Department of Securities sought to revoke his license due to a NASD order, resulting in restrictions on his role within Illinois.
- Misleading Research Reports (November 2003): Fined $50,000 and required to requalify as a Series 24 due to issuing misleading research reports and inadequate supervisory procedures.
Allegations Against Richard Rappaport
- Regulatory Allegations and Accusations:
- Negligent Misrepresentations: Connected to the sale of promissory notes that contained material misrepresentations about the financial condition of the issuing company.
- Non-Compliance with NASD Suspension: Failed to adhere to a suspension order, indicating non-compliance with regulatory requirements.
- License Revocation Attempt: Based on non-compliance with earlier NASD regulations.
- Misleading Research Reports: Issued research reports that omitted material facts and qualifications, lacked reasonable basis for recommendations, and did not adequately disclose risks or personal interests in the covered stocks.
Richard Rappaport Red Flags & Your Rights As An Investor
Of course, Richard Rappaport did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Richard Rappaport at Westpark Capital, Inc. on alert to review carefully the activity and performance of their accounts and question whether Richard Rappaport has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Westpark Capital, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Westpark Capital, Inc. Due To Richard Rappaport
If you have questions about Westpark Capital, Inc. and/or Richard Rappaport and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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