Broker Gregory Ricker, Westpark Capital in Boca Raton, FL
FINRA Reportedly Suspends Gregory Ricker for Allegations of Selling Away
According to the Financial Industry Regulatory Authority (FINRA), the regulator has suspended and fined financial advisor Gregory Ricker $75,000 after allegations that he “participated in private securities transactions by referring a potential investor to a company and receiving selling compensation in the amount of $75,000 for the investor’s two investments that totaled $750,000 in the company without notifying and receiving prior written approval from his member firm.”
FINRA’s findings further stated that Ricker “made false statements to the firm on annual compliance questionnaires concerning his participation in the private securities transactions.”
His broker report indicates that Ricker was reportedly affiliated with Westpark Capital in Boca Raton, FL from 2013 until 2019. Prior to that, he was affiliated with National Securities Corp. for four years. He has 7 customer disputes purportedly filed against him, according to his broker profile. Allegations include churning, unsuitable trading and breach of fiduciary duty, among others.
Filing a Complaint against your Brokerage firm
The White Law Group is investigating potential lawsuits regarding the liability that Ricker’s former employers may have for failure to properly supervise him.
When brokers violate securities laws, such as making unsuitable investments or churning customers accounts, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.
Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
We represent investors in FINRA arbitration claims in all 50 states, including Florida. If you are concerned about your investments with Gregory Ricker, you may be able to file a complaint against your brokerage firm. Please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com. The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
Tags: Gregory Ricker, Gregory Ricker Boca Raton, Gregory Ricker complaints, Gregory Ricker selling away, Gregory Ricker unsuitable investments, Gregory Ricker financial advisor, Gregory Ricker FINRA, Gregory Ricker investigation, Gregory Ricker lawsuit, Gregory Ricker recovery Last modified: July 1, 2020