Company Directory - WestPark Capital, Inc.
Company Details - WestPark Capital, Inc.
WestPark Capital, Inc.
WebsiteWestPark Capital is a financial services firm that provides investment banking and brokerage services.
CCI Score
CCI Score: WestPark Capital, Inc.
-41.76
0.03%
Latest Event
WestPark Capital fined for misleading financial disclosures in note sale
WestPark Capital and its CEO were fined by Finra after providing offering documents with material misrepresentations regarding the financial health of the parent company. The documents failed to disclose defaults on credit lines and operating losses, raising ethical concerns about the firm’s business practices and transparency.
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TOADIE
WestPark Capital, Inc. is currently rated as a Toadie.
Latest Events
- JAN012025
WestPark Capital and its CEO were fined by Finra after providing offering documents with material misrepresentations regarding the financial health of the parent company. The documents failed to disclose defaults on credit lines and operating losses, raising ethical concerns about the firm’s business practices and transparency.
-30
Public and Political Behavior
March 25
Although the incident is not explicitly political, WestPark Capital’s public dissemination of misleading information undermines transparency and trust. This misrepresentation in documents distributed to investors weakens public accountability mechanisms and, by extension, democratic oversight.
-70
Business Practices and Ethical Responsibility
March 25
WestPark Capital’s failure to accurately disclose material information such as defaults on a credit line and ongoing operating losses demonstrates a severe breach of ethical business practices. The misleading offering documents and lack of proper oversight of representatives are indicative of broader issues in corporate governance and accountability.
- DEC222023
A Forbes article details the pervasive neglect of human rights in supply chain practices, highlighting forced labor, child labor, and inadequate due diligence. Although WestPark Capital is primarily a financial services firm, its investment banking role positions it to influence companies in its portfolio, raising concerns about whether it sufficiently scrutinizes the supply chain ethics of those firms.
-50
Supply Chain Ethics
March 25
The article underscores a critical gap in supply chain due diligence where companies overlook human rights abuses such as forced labor and poor worker protections. While WestPark Capital is not a manufacturer, its influence through investment choices can indirectly sustain unethical practices if it fails to demand robust human rights policies from its portfolio companies.
Human Rights In The Supply Chain: Can We Learn From Our Mistakes?
- NOV222021
WestPark Capital, a financial services firm, was sanctioned by FINRA for misleading customers regarding the sale of promissory notes. The firm, along with its CEO Richard Alyn Rappaport, misrepresented material information about investment products, failed to supervise stockbrokers, and omitted critical facts about financial operations, undermining investor trust and ethical business practices.
-70
Business Practices and Ethical Responsibility
March 25
The FINRA sanction reveals that WestPark Capital engaged in unethical business practices by misrepresenting key financial information to customers and failing to supervise investment solicitations. Such actions reflect a serious breach of ethical responsibility within business practices, contributing to a broader erosion of trust and transparency which can indirectly support authoritarian dynamics by undermining democratic financial oversight.
WestPark Capital Sanctioned By FINRA For Misrepresenting Promissory Notes Customers
- NOV012021
FINRA imposed sanctions on WestPark Capital and its founder, Richard Rappaport, for misleading investors through misrepresentations and omissions in the offering documents for promissory note sales. The firm allegedly misrepresented its credit status and failed to disclose material conflicts of interest, thereby undermining investor trust and ethical business practices.
-60
Business Practices and Ethical Responsibility
March 25
WestPark Capital was sanctioned by FINRA for negligent misrepresentations and omissions in its promissory note sales. This unethical behavior, including the failure to disclose important financial disputes and conflicts of interest, severely undermines the integrity expected of financial service providers. Such actions can erode public trust in financial institutions and contribute indirectly to the broader climate of corporate irresponsibility, which in turn can erode democratic accountability.
WestPark Capital Sanctioned for Misrepresentations in $3.9 Million Promissory Note Sales
- DEC312020
An investigation reveals that during the 2019-2020 election cycle, financial institutions spent a record $2.9 billion on political contributions and lobbying. Although WestPark Capital is not mentioned by name, as a financial services firm, its industry ties raise concerns about participation in practices that may bolster authoritarian influence.
-40
Political Contributions and Lobbying Efforts
March 25
The article highlights a record level of political donations and lobbying by financial institutions, which are seen as efforts to maintain pro-industry power structures and potentially subvert democratic processes. Given WestPark Capital's role in financial services, there is concern that similar practices may align the firm with broader industry complicity in supporting authoritarian policies.
Wall Street's $2.9B Political Donations: Who Spent, Received Most ...
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