Gregory Alan Ricker of Boca Raton Florida a stockbroker registered with WestPark Capital Inc. is the subject of a customer initiated investment related complaint which was resolved on September 17, 2019 for $22,500.00 in damages based upon accusations that transactions were unsuitable for the customer and that the customer’s equity portfolio had been churned by Ricker during the period in which he was associated with WestPark Capital.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Ricker is referenced in six more customer initiated investment related disputes containing allegations of his wrongdoing while associated with securities broker dealers including Wells Fargo Advisors LLC and WestPark Capital. A customer initiated investment related arbitration claim involving Ricker’s conduct was settled for $70,000.00 in damages based upon allegations that the customer’s account had been churned. The claim also alleges that over-the-counter equities and options trades were executed by Ricker on an unsuitable and unauthorized basis while the stockbroker was registered with Wells Fargo Advisors.
Ricker is also the subject of a customer initiated investment related arbitration claim in which the customer requested $31,079.00 in damages based upon allegations that trades were effected in the customer’s account on an excessive basis and that transactions were made without the customer’s permission. On March 21, 2019, another customer filed an investment related arbitration claim involving Ricker’s conduct in which the customer requested $860,000.00 in damages based upon allegations of transactions effected by Ricker failing to be reasonably supervised by the securities broker dealer. FINRA Arbitration No. 19-00714. According to the claim, a fiduciary duty that was owed to the customer had been breached by Ricker in reference to transactions he participated in outside the auspices of WestPark Capital.
FINRA Public Disclosure indicates that Ricker has been suspended from associating with any FINRA member in any capacity supported by allegations that the stockbroker neglected to respond to FINRA’s request for information. FINRA Case No. 2019002004001 (Sept. 13, 2019).
Ricker’s employment with WestPark Capital was terminated on April 30, 2019.
