Securities Arbitration Lawyers BlogFINRA Suspends Broker Gregory Ricker
Gregory Alan Ricker (CRD: 1834893) is a former registered broker and investment advisor whose last employer of record was Westpark Capital, Inc. (CRD#:39914) of Boca Raton, FL, which ended on 4/30/2019. According to Ricker’s CRD report, there is no information available on his termination from Westpark. His previous employers include National Securities Corporation (CRD#:7569), also of Boca Raton, Fl, Jesup & Lamont Securities CORP (CRD#:39056, expelled by FINRA on 11/04/2010), and Wachovia Securities, LLC (CRD#:19616), both of Fort Lauderdale, FL. He began in the industry in 1993.
FINRA sent Ricker a request for information and he failed to respond. He was suspended on 9/13/2019, and the suspension was lifted on 12/9/2019. No broker statement is available, and there is no additional information on the contents of the request for information, or if any companies or clients were involved.
Ricker has a total of seven client disputes dating back to 2000. The most recent claim was filed on 7/11/2019, three months after his departure from Westpark Capital. The client alleged “churning & unstable trading” with a requested damages amount of $200,000. The claim was settled for $22,500.
A previous claim was filed on 3/21/2019 while Ricker was still employed with Westpark Capital, and alleged “Breach of Fiduciary, failure to supervise,” requesting $860,000 in damages. This claim is still listed as “pending.”
A previous claim filed on 9/30/2010 by a Florida resident with several allegations, including unauthorized trading leading to losses. The allegations were dropped with prejudice after a FINRA hearing.
Less than a year earlier, a Florida client filed a claim on 8/4/2009 alleging churning, unauthorized trading and “investing in speculative and unsuitable options trading.” The case was settled for $70,000.
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