Daniel Philip Raupp of Setauket, New York, a stockbroker registered with Concorde Investment Services LLC, was the subject of a customer initiated investment related complaint filed on September 6, 2023, in which the customer requested compensatory damages based upon allegations that Raupp made omissions of material fact in connection with the sale of direct investments during the time that Raupp was associated with Concorde Investment Services LLC. The complaint was closed with no further action taken by the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Raupp is referenced in 11 other customer initiated investment related disputes concerning Raupp’s conduct while associated with securities broker dealers. On September 10, 2021, a customer initiated investment related FINRA securities arbitration claim involving Raupp’s conduct was settled for $40,000.00 in damages based upon allegations that Raupp made unsuitable recommendations in real estate investment trusts and direct investments. FINRA Arbitration No. 20-03969.
On May 18, 2022, a FINRA securities arbitration claim involving Raupp’s conduct was settled for $250,000.00 in damages based upon allegations that Raupp made unsuitable recommendations in direct investments. FINRA Arbitration No. 21-00860.
Raupp was also referenced in a complaint that was settled on September 22, 2021, for $25,000.00 in damages based upon allegations that Raupp provided unsuitable advice about non-traded REITs when Raupp was associated with J.P. Turner Company L.L.C.
Raupp was also referenced in a securities arbitration claim that was settled for $29,500.00 in damages based upon allegations that Raupp made unsuitable recommendations in direct investments. FINRA Arbitration No. 21-01332 (October 28, 2022).
A different securities arbitration claim was settled for $180,000.00 in damages based upon allegations that Raupp breached his fiduciary duties, made misrepresentations of material fat, and made unsuitable recommendations in direct investments when Raupp was associated with Concorde Investment Services LLC. FINRA Arbitration No. 23-00306 (December 31, 2023).
Raupp has been associated with Concorde Investment Services LLC in Setauket, New York since June 12, 2015.
