Investors reportedly complained about securities broker Robert Edward Ainbinder Jr. [CRD: 2389470, Boca Raton, Florida], based on disclosures on FINRA BrokerCheck. Evidently, Ainbinder worked for WestPark Capital Inc. from November 4, 2022, to January 11, 2023; Univest Securities LLC from June 22, 2020, to January 25, 2021; and WestPark Capital Inc. again from November 6, 2015, to August 28, 2019. Read below to find out more about Ainbinder’s disclosures.
WestPark Capital Inc. Investor Accused Ainbinder Of Unsuitable Recommendations
Evidently, a WestPark Capital Inc. client filed FINRA Arbitration No. 24-00812 about Robert Ainbinder. Mainly, the client alleged that Ainbinder made unsuitable recommendations and misrepresented material facts. For this reason, the client allegedly sustained damages on private placements. Consequently, on March 10, 2025, WestPark Capital Inc. settled this matter by paying the client $60,000 in damages.
Robert Ainbinder Disclosed Misrepresentation Allegations By WestPark Capital Inc. Client
Additionally, a client of WestPark Capital Inc. contested Robert Ainbinder’s sales practices by filing Civil Action No. 1:23-cv-10138-JPO on November 17, 2023. Allegedly, Ainbinder recommended private placements without doing adequate due diligence and misrepresented information about the risks with issuers of private placements. As a result, the client seeks compensation from WestPark Capital Inc. or Ainbinder in the amount of $5,748,399.92 in this ongoing matter.
WestPark Capital Inc. Client Accused Ainbinder Of Negligence
Specifically, a WestPark Capital Inc. client filed FINRA Arbitration No. 10-05823 about Robert Ainbinder Primarily, the client alleged that Ainbinder breached a contract, was negligent, gave unsuitable advice, and breached his fiduciary duty. Therefore, on July 3, 2013, WestPark Capital Inc. settled this matter by paying the client $24,000 in damages.
Robert Ainbinder Disclosed Breach Of Fiduciary Duty Allegations By First Montauk Securities Corp. Client
Also, a client of First Montauk Securities Corp. disputed Robert Ainbinder’s sales practices by bringing FINRA Arbitration No. 09-01708. Allegedly, Ainbinder made unsuitable recommendations and breached his fiduciary duty in connection with purchases of over-the-counter equities. Consequently, First Montauk Securities Corp. opted to settle the matter on December 29, 2010, by compensating the client in the amount of $140,000.
Did You Sustain Losses Because Of Securities Broker Ainbinder?
Do you need clarification on any investment losses relating to Robert Ainbinder? If so, reach out to Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer about a possible recovery of your investment losses. For years, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Ainbinder and brokerage firms Ainbinder worked for deny accusations referenced in public disclosures.
