Securities Lawyers Blog

Broker Richard Rappaport in Westpark Capital, INC. Firm Has Customer Complaint

May 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Rappaport (Rappaport), currently associated with Westpark Capital, INC., has at least one disclosable event. These events include one customer complaint, alleging that Rappaport recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $130,000.00 on October 22, 2024.

Customer specifically alleges that as CEO of WestPark Capital I failed to establish, implement, and maintain an adequate system\, of supervision over Wimsatt and Wimsatt’s supervisor. In addition the customer claims as CEO I am liable for negligent supervision at WestPark.

There are Recent Customer Complaints with Broker Doran James in Firm J.w. Cole Financial, INC.

May 22, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Doran James (James), currently employed by J.w. Cole Financial, INC. has been subject to at least 3 disclosable events. These events include 3 customer complaints. According to records kept by The Financial Industry Regulatory Authority (FINRA), James’s most recent customer complaint alleges that James recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $154,957.00 on December 04, 2024.

Claimants allege their financial professional could not sell their structured notes prior to maturity which caused themalleged damages. Time period: December 2022 – January 2023

There are Recent Customer Complaints with Broker Thomas Wrich in Firm & partners

May 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Wrich (Wrich), currently associated with & partners, has at least one disclosable event. These events include one customer complaint, alleging that Wrich recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on October 13, 2024.

Arbitration: Claimant alleges that beginning in 2001, the advisory fees charged were misrepresented and excessive.\, Complaint: Client complains that the advisory fees charged have been higher than what she and the Financial Advisor agreed upon. (1/1/2003-6/7/2024)

Broker Larry Hyatt in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

May 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Larry Hyatt (Hyatt), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Hyatt recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on February 12, 2025.

Customer alleges misrepresentation from January 2025 to February 2025.

There are Recent Customer Complaints with Broker David Toetz in Firm Independence Capital Co., INC.

May 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Toetz (Toetz), currently associated with Independence Capital Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Toetz recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on January 23, 2025.

Failure to supervise Registered Representative who puyt customers in non exsiting Real Estate program

There are Recent Customer Complaints with Broker Susan Ciucci in Firm LPL Financial LLC

May 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Susan Ciucci (Ciucci), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ciucci recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $33,823.00 on January 07, 2025.

Client alleges that Financial Professional failed to disclose that an early distribution from a retirement account would be taxed.

There are Recent Customer Complaints with Broker Dennis Twarogowski in Firm Independence Capital Co., INC.

May 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dennis Twarogowski (Twarogowski), currently associated with Independence Capital Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Twarogowski recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on January 23, 2025.

Failuret to supervise registered representavie who put customers in a non existing Real Estate program

There are Recent Customer Complaints with Broker Robert Sessa in Firm Western International Securities, INC.

May 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Sessa (Sessa), currently associated with Western International Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Sessa recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $45,937.02 on January 22, 2025.

Clients complained about the performance of alternative investments. The firm settled to avoid the costs of litigation and denies any wrongdoing and/or liability.

There are Recent Customer Complaints with Broker Steven Kahn in Firm American Trust Investment Services, INC.

May 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Kahn (Kahn), currently associated with American Trust Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Kahn recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $15,000.00 on January 09, 2025.

Breach of Fiduciary Duty; Fraud; Elder Abuse; Negligence; Negligent Misrepresentation

Broker Ramona Ivy in Edward Jones Firm Has Customer Complaint

May 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ramona Ivy (Ivy), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Ivy recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $162,670.00 on February 26, 2025.

Client is upset because her 1099 reported $533k in capital gains regarding a mutual fund exchange from May 2024. Client alleged that the financial advisor indicated that this was not a taxable event and is requesting reimbursement of tax implications.