Category: Failure to Supervise
Were you the victim of Westpark Capital, Inc. broker Richard Rappaport (CRD# 1885122)? Richard Rappaport has been registered with Westpark Capital, Inc. in Los Angeles, California since 1999. In November 2021, FINRA suspended Richard Rappaport for 15 months from any … Continue reading
In January 2020, FINRA fined LPL Financial LLC with a $6.5 million fine regarding supervisory failures. According to the Acceptance, Waiver & Consent (AWC), “LPL failed to establish and maintain a supervisory system, including written procedures, reasonably designed to achieve … Continue reading
Erez Law is currently investigating HCR Wealth Advisors broker Gregory Heller (CRD# 1460520) regarding investment losses. Heller has been registered with Investment Security Corporation in Los Angeles, California since 2002 and with HCR Wealth Advisors in Los Angeles, California since … Continue reading
Former Morgan Stanley broker David Turetzky (CRD# 2954337) faces multiple customer complaints regarding customer investment losses. Turetzky has been registered with Ameriprise Financial Services, LLC in Saddle Brook, New Jersey since January 2019. Previously, Turetzky was registered with Liberty Partners … Continue reading
Did you lose money investing with Dawson James Securities, Inc. broker Rebecca Belicek (CRD# 2106922)? Belicek has been registered with Dawson James Securities, Inc. in New York, New York since 2013. Belicek has been the subject of one customer complaint, … Continue reading
Erez Law is currently investigating Lek Securities Corporation broker Ramute Zukas (CRD# 3026650) who suffered investment losses. Zukas has been registered with Lek Securities Corporation in New York, New York since 2002. Zukas has been the subject of one customer … Continue reading
In July 2019, a former client of Spire Securities, LLC won an award in a FINRA arbitration for compensatory damages for $3 million for investment losses due to failure to supervise its broker. The investors were clients of financial advisor … Continue reading
In March 2019, the Securities and Exchange Commission (SEC) announced that Wedbush Securities Inc. will pay a $250,000 penalty and has agreed to be censured to settle its failure to supervise charge. According to the SEC order, “Wedbush ignored numerous … Continue reading
Have you suffered losses due to former Morgan Stanley financial advisor Justin Amaral (CRD# 4440980) who is alleged to engage in excessive and unauthorized trading? Amaral was registered with Morgan Stanley in Boston, Massachusetts from 2009 to 2014, when he … Continue reading
There are options for customers of former Kovack Securities Inc. financial advisor Curtis Milakovich (CRD# 5471527) who is alleged to engage in churning, unsuitable recommendations, unsuitable investment strategy, failure to supervise, and permitting an unregistered advisor to control. Milakovich was … Continue reading