<![CDATA[regulatory action - Israels & Neuman, PLC]]> https://www.israelsneuman.com/blog/tags/regulatory-action/ Wed, 20 Aug 2025 15:41:51 GMT en-us <![CDATA[Have You Lost Money with WESTPARK CAPITAL and Promissory Notes?]]> https://www.israelsneuman.com/blog/westpark-capital-promissory-notes-investment-losses/ https://www.israelsneuman.com/blog/westpark-capital-promissory-notes-investment-losses/ Tue, 23 Nov 2021 16:01:10 GMT LOS ANGELES, CALIFORNIA We are currently investigating allegations made against Westpark Capital, a Los Angeles, California-based securities brokerage firm. FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against Westpark Capital. FINRA alleged that Westpark Capital issued $3.9 million in promissory notes of its parent company, Westpark Capital Financial Services, and made negligent misrepresentations…

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We are currently investigating allegations made against Westpark Capital, a Los Angeles, California-based securities brokerage firm. FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against Westpark Capital. FINRA alleged that Westpark Capital issued $3.9 million in promissory notes of its parent company, Westpark Capital Financial Services, and made negligent misrepresentations and omissions in connection with this offering.

To settle these allegations, Westpark Capital agreed to pay a $250,000 fine and was also ordered to offer recission of the promissory notes to 19 investors. Moreover, Richard Rappaport, the firm’s CEO, was fined $30,000 and suspended in all capacities by FINRA for 4 months and in a principal capacity for 15 months.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Westpark Capital.

View W. Capital BrokerCheck Report

If you lost money with Westpark Capital, please Contact Us at 720-599-3505 for a free evaluation of your case.

]]> <![CDATA[AEGIS CAPITAL Ordered to Pay Customers for Excessively Trading Accounts]]> https://www.israelsneuman.com/blog/aegis-capital-excessively-trading-accounts/ https://www.israelsneuman.com/blog/aegis-capital-excessively-trading-accounts/ Wed, 10 Nov 2021 20:24:31 GMT Have you lost money investing in variable annuities through Aegis Capital? We are currently investigating allegations made against Aegis Capital, a New York, New York-based securities brokerage firm. FINRA brought a regulatory action against the firm, alleging that its Melville, New York and Wall Street offices failed to adequately supervise advisors who were excessively trading…

]]> Have you lost money investing in variable annuities through Aegis Capital? We are currently investigating allegations made against Aegis Capital, a New York, New York-based securities brokerage firm. FINRA brought a regulatory action against the firm, alleging that its Melville, New York and Wall Street offices failed to adequately supervise advisors who were excessively trading or churning customer accounts. The brokerage firm was also alleged to have failed to adequately supervise the sales of inverse and leveraged ETFs.

To settle these allegations, Aegis Capital agreed to pay a $1.05 million fine and $1.69 million in restitution to effected customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Aegis Capital.

View Aegis Capital BrokerCheck Report

If you lost money investing with Aegis Capital, please Contact Us at 720-599-3505 for a free evaluation of your case.

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