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 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.

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