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Rajesh Gupta

CRD#: 2071729

PR Previously Registered Broker

PR Previously Registered Investment Adviser i

!Suspended

FINRA has suspended this individual from acting as a broker. Please see the detailed report for more information
The representative was previously registered both as a broker and as an investment adviser. Visit IAPD for more information on this individual’s investment adviser record.

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3

Disclosures

11 Years of Experience

3 Firms

4

Exams Passed

0

State Licenses

           Registration History

           Disclosure(s)

Initiated By
FINRA
Allegations
Respondent Gupta failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
Resolution
Letter
Sanctions
Suspension
Registration Capacities Affected
All capacities
Duration
Indefinite
Duration Explanation
Continues until required payment is made or discharged.
Start Date
6/9/2020
Regulator Statement
Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Gupta is suspended on June 9, 2020 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
Allegations
CLIENT VERBALLY COMPLAINED ABOUT THE LOSS OF VALUE UPON THE SURRENDER OF OUTSIDE INSURANCE POLICIES RECOMMENDED BY FA – May 2014 to May 2017.
Settlement Amount
$220,000.00
Firm Name
Morgan Stanley
Termination Type
Voluntary Resignation
Allegations
Allegations regarding involvement in undisclosed outside activity involving sales of insurance policies
           Examination(s)
State Securities Law Exam
Series 66 – Uniform Combined State Law Examination – Oct 12, 2005
General Industry/Products Exam
SIE – Securities Industry Essentials Examination – Mar 29, 2017
Series 7 – General Securities Representative Examination –  Sep 7, 2005
Series 3 – National Commodity Futures Examination – Sep 11, 1990
Additional information including this individual’s professional designations is available in the Detailed Report.

             Previously Registrations

Name Location
03/22/2013 - 03/29/2017 MORGAN STANLEY (CRD#:149777) NAPERVILLE, IL
11/20/2008 - 04/05/2013 J.P. MORGAN SECURITIES LLC (CRD#:79) NAPERVILLE, IL
09/08/2005 - 10/28/2008 WACHOVIA SECURITIES, LLC (CRD#:19616) NAPERVILLE, IL
Additional Information

The content of this summary, and the available detailed report, is governed by FINRA Rule 8312, and is primarily based on information filed on uniform registration forms. Rule 8312, amendments to the rule and notices related to U.S. Securities and Exchange Commission approval orders, can be viewed here.

State regulators are governed by their public records laws (not FINRA Rule 8312), and may provide information not in BrokerCheck, including information no longer required to be reported or updated on uniform registration forms due, for example, to its age or final disposition. You may contact your state regulator to request this additional information.

Click here for more information about how to check on an investment professional.

A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both.
Individuals who work for broker-dealers – the sales personnel are commonly referred to as brokers.

An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.
It is common for a financial professional to act as both a broker and an investment adviser. Because of this, we include investment advisers on BrokerCheck, and provide links to the SEC’s Investment Adviser Public Disclosure (IAPD) website so you can research further.

A Previously Registered broker or brokerage firm is not currently licensed to act as a broker (buying and selling securities on behalf of customers) or as an investment adviser (providing advice about securities to clients). They may still be able to offer other investment-related services if properly licensed to do so. Click here to learn more.

Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.

Rajesh Gupta Raj Gupta Nisha Gupta Anna Simpson

211 Claremont Dr

Naperville, IL 60540

Impact prosperity

Info@ImpactProsperity.com

Impact Prosperity Partners

Impact Prosperity Partners, Llc 1501 Hall Johnson Rd., #1802 Colleyville, TX, 76034
Phone: 214-537-8843