Investor Alleges Daniel Raupp Made Misrepresentations

Daniel Raupp (CRD #: 4079107), a broker registered with Concorde Investment Services, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on April 7, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Pending Dispute

On February 8, 2023, an investor alleged that Daniel Raupp made misrepresentations and violated FINRA Rules 2111 and 2010 with regard to investments made from 2015-2017. The client seeks $270,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consider the information in the investor’s profile, such as their tax status, age, and risk tolerance when recommending investments.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. Misrepresenting an investment’s potential fees, limitations, or other features violates this rule.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Settled Disputes

In a dispute filed on June 7, 2022, an investor alleged that Daniel Raupp engaged in fraud and negligence, violated the New York Consumer Protection Law and FINRA Rule 2310 (with regard to suitability), and breached his contract. These allegations concerned investments made from 2015-2017. This dispute was settled for $78,000.

Six disputes, filed in 2021 and 2020, alleged that Daniel Raupp recommended unsuitable investments across a collective time frame of 2013-2017. These disputes were collectively settled for approximately $1 million. 

On March 5, 2020, an investor alleged that Daniel Raupp made misrepresentations and recommended unsuitable investments from July 2017 to February 2018. This dispute was settled for $262,000.

FINRA Rule 2310

FINRA Rule 2310 describes the requirements for firms to participate in public offerings of direct participation programs (DPPs), limited partnership rollup transactions, or real estate investment trusts (REITs).

Firms must ensure that their recommendations of DPPs are suitable for their client and provide sufficient disclosure that the investor has a reasonable basis for evaluating the program.

What is broker negligence?

Brokers may act in many negligent ways. Examples include misrepresentations or omissions of fact, unsuitable investment recommendations, and failure to supervise other brokers.

Investors who feel their losses are the result of broker negligence may be able to recover their funds by seeking out FINRA arbitration.

Daniel Raupp Background Information

Daniel Raupp has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination
• Securities Industry Essentials Examination
• Series 7 General Securities Representative Examination
• Series 24 General Securities Principal Examination

He is a registered broker in 48 states and the District of Columbia.

Daniel Raupp has worked with the following firms:

• Concorde Investment Services (CRD #: 151604)
• J.P. Turner & Company (CRD #: 43177)
• GunnAllen Financial (CRD #: 17609)
• Harrison Securities (CRD #: 14103)
• Ehrenkrantz King Nussbaum (CRD #: 31140)
• Weatherly Securities Corporation (CRD #: 11081)

Kurta Law Can Help

If you worked with Daniel Raupp and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email jkurta@kurtalawfirm.com.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.