Westpark Capital

There are Recent Customer Complaints with Broker Christopher Dukes in Firm Westpark Capital, INC.

July 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Dukes (Dukes), currently associated with Westpark Capital, INC., has at least one disclosable event. These events include one customer complaint, alleging that Dukes 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 $25,000.00 on August 02, 2023.

Unsuitability, Breach of fiduciary duty, Negligence and Negligent Misrepresentation, Breach of Contract, Failure to Supervise, and Violation of Reg BI

There are Recent Customer Complaints with Broker Gregory Mccloskey in Firm Westpark Capital, INC.

May 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Mccloskey (Mccloskey), previously associated with Westpark Capital, INC., has at least 4 disclosable events. These events include 4 customer complaints, alleging that Mccloskey 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 $200,000.00 on November 22, 2024.

Customers allege that their investment in GWG constituted material misrepresentations, a failure to conduct reasonable due diligence, a breach of fiduciary duty to act in the claimants’ best interest, unsuitable investments, failure to supervise, negligence and violation of state and federal securities laws.

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 Robert Ainbinder in Firm Westpark Capital, INC.

May 10, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 16, 2024.

Claimants alleged that the respondent, through it’s agent recommended unsuitable investments and made untrue statements of material fact.

Broker Ralph Saigh in Westpark Capital, INC. Firm Has Customer Complaint

April 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ralph Saigh (Saigh), currently associated with Westpark Capital, INC., has at least one disclosable event. These events include one customer complaint, alleging that Saigh 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 $7,200.00 on June 20, 2024.

Client claims he requested non-callable CD to be purchased and alleges the Rep purchased a callable CD. Client is requesting $7200 for the interest he would have earned on the CD had it not been called prior to maturity.

There are Recent Customer Complaints with Broker Kim Kunz in Firm Westpark Capital, Inc.

April 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on August 05, 2024.

Without admitting or denying the findings, Kunz consented to the sanctions and to the entry of findings that he willfully violated Rule 15/-1(a)(I) of the Exchange Act (Reg Bl) by recommending that two retail customers invest in a speculative, unrated debt security. The findings stated that the bonds that Kunz recommended to the customers were considered speculative, involved a high degree of risk, were illiquid, and were only suitable for persons with substantial financial resources and with no need for liquidity. Both customers had a stated moderate risk tolerance with an investment object of income and neither included speculation.

There are Recent Customer Complaints with Broker Matthew Turner in Firm Westpark Capital, Inc.

February 15, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on January 15, 2025.

Without admitting or denying the findings, Turner consented to the sanctions and to the entry of findings that he willfully violated Exchange Act Rule 15l-1(a)(1) (Regulation BI) when he recommended trading in customer accounts, including those of seniors, that was excessive, unsuitable and not in their best interest. The findings stated that the customers relied on Turner’s advice and routinely followed his recommendations, and as a result, Turner exercised de facto control over the customers accounts. The trading generated $34,269.69 in commissions and resulted in realized losses of $160,822. The findings also stated that Turner exercised discretionary authority to place 148 trades in four customer accounts, including the three customer accounts he excessively traded, without obtaining written authorization from the customers and without his firm having accepted the accounts as discretionary.

There are Recent Customer Complaints with Broker Alfred Vanderlaan in Firm Westpark Capital, Inc.

February 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alfred Vanderlaan (Vanderlaan), previously associated with Westpark Capital, Inc., has at least 6 disclosable events. These events include 5 customer complaints, one regulatory, alleging that Vanderlaan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on January 22, 2025.

Without admitting or denying the findings, Vanderlaan consented to the sanctions and to the entry of findings that he willfully violated Rule 15l-1(a)(1) of the Exchange Act (Reg BI) by recommending that two retail customers invest in speculative, unrated corporate bonds that were not in their best interests based on their investment profiles. The findings stated that the customers’, one of whom was a senior, stated investment objective was growth and income, and it did not include speculation. Vanderlaan’s recommendations were not in the customers’ best interest based on their investment profiles, including their moderate risk tolerance, in light of the high degree of risk associated with the bonds. Vanderlaan received a total of $6,508 in commissions in connection with his recommendations.

WestPark Capital Advisor Philip Rosensweig Has Ten Investment Complaints

February 20, 2019 | by Staff Attorney

According to BrokerCheck records financial advisor Philip Rosensweig (Rosensweig), currently employed by WestPark Capital, Inc. (WestPark Capital) has been subject to at least ten customer complaints. According to records kept by The Financial Industry Regulatory Authority (FINRA), most of Rosensweig’s customer complaints allege that Rosensweig made unsuitable recommendations in a variety of securities.

In March 2016 a customer brought a complaint against Rosensweig alleging the broker violated the securities laws by breaching his fiduciary duty, negligence, and fraud from 2015 through 2016. The claim alleged $100,000 in damages and settled.

In March 2016 a customer brought a complaint against Rosensweig alleging the broker violated the securities laws by breaching his fiduciary duty, negligence, and fraud from 2014 through 2016. The claim alleged $75,000 in damages and settled.

In October 2006 a customer brought a complaint against Rosensweig alleging the broker violated the securities laws by making unauthorized trades. The claim alleged $10,000 in damages and settled.

Westpark Capital Advisor Marc Steinberg Subject to Suitability Complaints

December 3, 2018 | by Staff Attorney

According to BrokerCheck records financial advisor Marc Steinberg (Steinberg), currently employed by Westpark Capital, Inc. (Westpark Capital) has been subject to five customer complaints in his career. According to records kept by The Financial Industry Regulatory Authority (FINRA), many of the complaints against Steinberg concern allegations of unsuitable investments.

In April 2018, a customer complained that Steinberg engaged in unsuitable investments causing $39,796 in damages. The claim was denied by the firm.

In November 2016, a customer complained that Steinberg engaged in unsuitable investments from December 2012 until February 2015 causing $16,833 in damages. The claim was denied by the firm.