Who Is Richard Huppert? A Look at His Background
Table of Contents
Richard Huppert has worked in the securities industry for over 32 years. Based in Brooklyn, New York, he represents clients as a broker with Cetera Wealth Services and holds credentials that include passing the Securities Industry Essentials Examination (SIE), Series 7, Series 6, Series 24, and Series 63 exams. His registration spans multiple states, such as California, Colorado, Connecticut, Florida, Massachusetts, New Jersey, New York, and Pennsylvania.
Employment History:
- Cetera Wealth Services (2019 – Present)
- Summit Brokerage Services
- LPL Financial
- Robert Thomas Securities
- Nichols Safina Lerner & Company
- Dalton Kent Securities Group
- Guardian Investor Services Corporation
Investor Complaints and Disclosures: What the Record Shows
Understanding your financial advisor’s history is critical for your peace of mind and future financial success. Here is a complete summary of complaints and disclosures related to Richard Huppert:
| Year | Firm/Role | Allegation | Status / Outcome | Damages Claimed |
|---|---|---|---|---|
| 2025 | Cetera Wealth Services | Recommended unsuitable options strategy | Pending | $4,700,000 |
| 2013 | LPL Financial | Recommended unsuitable investment strategy | Denied by firm | Unspecified |
| 2002 | Raymond James Financial Services | Poor investment advice and mismanaged the account | Denied by firm | $37,460 |
| 2000 | Raymond James Financial Services | Failed to follow client instructions regarding option contracts | Settled | $60,000 |
Key Points:
- The most recent complaint (pending) alleges a loss of $4.7 million due to an unsuitable options strategy at Cetera Wealth Services.
- Previous complaints, although denied or settled, specify concerns about unsuitable recommendations and failure to follow instructions.
- Disclosures cover more than two decades and multiple firms.
Regulatory and Legal Overview
FINRA, SEC, and Court Database Checks:
- No regulatory proceedings, actions, or criminal investigations currently listed.
- No civil lawsuits or SEC enforcement actions found on public databases.
- No federal or state court judgments related to securities fraud or sales practices involving Richard Huppert.
While publicly accessible databases, including FINRA BrokerCheck, presently show no active regulatory actions, investors should remain vigilant, especially in light of the pending $4.7 million complaint.
What Are the Potential Red Flags?
- Multiple customer complaints across several firms may indicate recurring patterns in investment strategies or communications.
- Allegations include both unsuitable recommendations and failure to follow instructions, two issues that investors should watch closely with any advisor.
- Large, pending complaints can signal significant losses and potential risks for others, especially when related to complex strategies like options trading.
What Does This Mean for You?
If you have worked with Richard Huppert or Cetera Wealth Services and have concerns about your investment recommendations or account management, you are not alone. Complaints involving large amounts and complex products can raise valid questions about the oversight process and suitability of advice given to investors.
Haselkorn & Thibaut has more than 50 years combined experience handling investment fraud and securities arbitration claims. With a 98% success rate and millions recovered for clients, our focus is on investigating investor losses and seeking the best possible outcome for those affected.
Why Contact Haselkorn & Thibaut?
- Nationwide reach – we represent investors in all 50 states.
- No recovery, no fee: you only pay if we recover funds for you.
- Confidential, obligation-free consultation with an experienced attorney.
- Proven track record recovering millions for investors from top broker-dealers.
Next Steps: Protect Your Interests
If you suspect investment losses due to unsuitable recommendations or mismanagement by Richard Huppert or Cetera Wealth Services, do not hesitate to take action:
- Call Haselkorn & Thibaut at 1-888-885-7162 for a free and confidential discussion of your situation.
- Request a review of your portfolio and account history.
- Get answers about your legal rights and options – there is no upfront cost and no obligation.
Your peace of mind matters. Don’t let uncertainty stand in the way of your financial security—reach out today and get the guidance you deserve.
