Michael John Rappa of San Diego California a stockbroker formerly registered with Foresters Equity Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $75,000.00 in damages supported by accusations that Rappa poorly advised the customer concerning real estate security transactions executed away from the firm. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01103 (May 18, 2018).
FINRA Public Disclosure additionally confirms that on February 21, 2018, a customer filed an investment related arbitration claim concerning Rappa’s activities in which the customer sought $700,000.00 in damages based upon allegations that when Rappa was associated with Foresters Equity Services, Inc., unsuitable recommendations had been made to the customer concerning outside investments in real estate securities. FINRA Arbitration No. 18-00552 (Feb. 21, 2018).
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