FINRA 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.

Our South Florida based attorneys can visit with you at your home or in our offices. Based on FINRA rules, hearings usually occur where the investor resides. Accordingly, most investors find the arbitration process easier and less costly than court.

Have You Invested Money With Gregory Ricker?

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today and let us know how we can help.