Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
A pending $2,500,000 customer claim over DST investments appears on the BrokerCheck report of Wendy Kretschmer (CRD: 3111589). The claimants allege that WestPark recommended the investments, and the claim remains open.
The disclosure on her report names WestPark Capital as the firm. BrokerCheck lists her full name as Wendy L. Kretschmer.
The claimants filed on August 25, 2026 under docket number 26-01815. According to BrokerCheck, they allege that WestPark recommended approximately $2.5 million in three Versity-sponsored DST investments. The recommendations came in February and April 2022.
They also allege a lack of adequate due diligence and reasonable supervision. In addition, they allege WestPark did not disclose material sponsor-related risks and conflicts, and the claim cites alleged investment losses.
The same case number, 26-01815, also appears on the BrokerCheck report of Richard Alyn Rappaport.
A Delaware Statutory Trust, or DST, holds real estate, and investors buy fractional interests in it. Many investors buy in after they sell a property. That is because a DST can qualify for a like-kind exchange, which defers taxes.
Most DST interests sell as private placements, so they come with less public information than a listed fund. Investors also usually cannot cash out early. Their money stays in until the trust sells the property, which can take years.
Sponsors then charge fees to buy, finance and manage the property, and those fees come out of investor returns. For that reason, a selling firm's review of the sponsor carries real weight. The claim naming Wendy Kretschmer puts that review at issue.
Because the claim against Wendy Kretschmer is pending, no arbitrator has ruled on any of it. Either side can settle, and if the case goes to a hearing, a panel decides it.
Meanwhile, investors who hold DST interests can find the sponsor, the property and the fees in the offering's private placement memorandum. Comparing it with what a broker said at the time is often the first step in reviewing a DST purchase.
FINRA member firms must supervise the activities of their brokers. If you have questions about an account that Wendy Kretschmer handled, call Soreide Law Group at (888) 760-6552. You can also reach us online to speak with a securities attorney. Our securities lawyers handle FINRA arbitration claims on a contingency fee basis. Learn how FINRA arbitration works.
This post summarizes public FINRA records, including BrokerCheck, as of October 6, 2026. Allegations in customer complaints and arbitrations are claims, not findings. Pending claims remain open and undecided. A settlement is also not an admission of wrongdoing. FINRA may also update or correct these records after that date.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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