Investors apparently complained about securities broker Daniel Philip Raupp [CRD: 4079107, Setauket, New York], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Daniel Raupp has worked for Concorde Investment Services LLC since June 12, 2015. Investors should review the information below to learn more about disclosures involving Raupp’s conduct as reported to FINRA.
Evidently, on September 6, 2023, a Concorde Investment Services LLC client filed a complaint about Daniel Raupp. Primarily, the client alleged that Raupp made omissions by failing to disclose the nature of a direct investment tied to construction activities. Because of this, the client allegedly incurred damages related to direct investments. As a result, the client requested compensation from Concorde Investment Services LLC or Raupp. The matter was later closed with no action taken.
Particularly, a client of Concorde Investment Services LLC contested Daniel Raupp’s sales practices by filing FINRA Arbitration No. 23-00306. Allegedly, Raupp made misrepresentations, breached his fiduciary duty, and violated FINRA rules in connection with investments made between 2015 and 2017. It appears that Raupp caused the client to sustain damages related to direct investments. Consequently, Concorde Investment Services LLC opted to settle the matter on December 31, 2023, by compensating the client in the amount of $180,000.
Specifically, a Concorde Investment Services LLC client filed FINRA Arbitration No. 22-00742 about Daniel Raupp. Mainly, the client alleged that Raupp made unsuitable recommendations, breached his fiduciary duty, was negligent, breached a contract, and violated state securities laws in connection with investments made between 2015 and 2017. Because of this, the client allegedly sustained damages connected to direct investments. Therefore, on March 3, 2023, Concorde Investment Services LLC settled this matter by paying the client $78,000 in damages.
Also, a Concorde Investment Services LLC client filed FINRA Arbitration No. 21-01332 about Daniel Raupp. Primarily, the client alleged that Raupp made unsuitable recommendations involving various investments recommended in 2017. For this reason, the client allegedly experienced damages relating to direct investments. As a result, on October 28, 2022, Concorde Investment Services LLC settled this matter by paying the client $29,500 in damages.
Do you have concerns or questions regarding investments you made with Daniel Raupp? Get in touch with Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Raupp and brokerage firms Raupp worked for deny accusations of sales practice violations.
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