Tag Archives: Westpark Capital complaint

Harry Datys-Westpark Capital Stockbroker-Discloses Regulatory Issues and Customer Complaints- Ft. Lauderdale, FL

January 2018- Ft. Lauderdale, FL

The FINRA records of  Harry Seth Datys,  a  stockbroker who is currently employed by Westpark Capital , disclose three regulatory events, 4 pending customer disputes, 12 prior customer disputes and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In April of 2014  Datys consented to a fine of  $15,000 to The New Jersey Bureau of Securities to resolve allegations that  Datys continued to conduct business with New Jersey residents after the New Jersey Bureau of Securities had revoked his registration.

In May of 2008  Datys was sanctioned by the New Jersey Bureau of Securities for violating his supervisory agreement. A fine of $6,000 was assessed.

In May of 2006  Datys was sanctioned by the Colorado Division of Securities for the unlicensed offer and sale of securities and securities fraud. Colorado denied his registration in that state.

Prior customer disputes against Datys include:

  • In February 2017, a Westpark Capital customer was paid $50,000 to resolve allegations that the purchase of a private placement was not suitable and that Westpark Capital failed to supervise Datys.
  • In 1/2013 a Westpark Capital customer was paid $52,500 to resolve allegations that Datys traded the account without the customer’s authority.

In October of 2002, Datys voluntarily resigned from his employment with Joseph Stevens & Company as a result of an internal review of complaints from three clients alleging a variety of wrongful acts including, but not limited to unauthorized trading in their accounts.

Datys has been employed by Westpark Capital since 6/2005.  He was employed by Sterling Financial Investment Group from 10/2002-7/2005. Sterling Financial was expelled from the industry by FINRA 1/2008.

If you have losses in an account in an account handled by Harry Datys, contact us to discuss how you may be able to recover damages for those losses through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Sean W. Mollard-Former Dawson James Broker-Discloses $1M Customer Dispute

Boca Raton, Florida

UPDATE APRIL 2017-FINRA records indicate that FINRA arbitration 16-0849, described below, was settled in February 2017 for $295,000.

ORIGINAL POST JUNE 2016

According to FINRA records,  Sean W. Mollard   a stockbroker  who  is currently employed by Westpark Capital, Inc. , discloses a pending customer dispute. He also discloses a final regulatory event .

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In currently pending FINRA Case 16-000849, a customer while Mollard was employed by Dawson James Securities,  alleges damages of $1,000,000 for failure to follow instructions, material misrepresentations and omissions, excessive trading and commissions, unauthorized trading, unsuitable recommendations and breach of contract.

In 2014, Mollard was fined $5,000 and suspended for six months.  These sanctions were imposed to resolve FINRA allegations that Mollard failed to timely respond to FINRA requests for information and documents. It was not until FINRA issued a Notice of Suspension to Mollard that he responded to the requests. FINRA Case#2012034500102.

According to FINRA records Mollard has been registered with Westpark Capital since 9/2014.. His previous registration history includes:
7/2013-12/2013 Aegis Capital 
5/2007-9/2012 Dawson James Securities
8/2006-5/2007 Chicago Investment Group

If you have questions about an account handled  by Sean W. Mollard, call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

David James LeDoux-Boca Raton StockBroker Sanctioned For Failing to Report Tax Liens

June 2, 2015-Boca Raton, FL

David James LeDoux ,  entered into a Letter of Acceptance Waive and Consent (AWC)  with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that  he failed to update FINRA records to reflect six tax liens totaling over $184,000.

LeDoux was fined $5,000 and suspended from association with any FINRA member for 45 days.

Disciplinary Proceeding NO. 2014041744701

According to FINRA records , LeDoux is currently registered with Westpark Capital in Boca Raton, FL. He was previously registered with National Securities Corporation from 6/2001-8/2014.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Boca Raton Broker Sean Mollard Fined and Suspended by FINRA

Boca Raton, Florida

UPDATE June 2016-Mollard discloses $1M customer arbitration. See this for more details. 

In March 2014 the Financial Industry Regulatory Authority fined Boca Raton , FL , broker Sean Wesley Mollard $5,000 and suspended him for six months.

 These sanctions were imposed to resolve FINRA allegations that Mollard failed to timely respond to FINRA requests for information and documents. It was not until FINRA issued a Notice of Suspension to Mollard that he responded to the requests.
According to FINRA records Mollard is not currently registered . His previous registration history includes:
7/2013-12/2013 Aegis Capital 
5/2007-9/2012 Dawson James Securities
8/2006-5/2007 Chicago Investment Group

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870