Updated March 2018- Warwick, New York
The FINRA records of Harry Seth Datys, a stockbroker who is currently employed by Westpark Capital , disclose three regulatory events, 5 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.
Currently pending cases involving Datys include:
- FINRA Case 18-00182-A customer of WestPark Capital alleges failure to communicate with client and failure to execute sell orders. Damages of $44,006 are sought.
- FINRA Case 17-2536-A customer of WestPark Capital seeks damages in an unspecified amount for losses on private placement investments.
- FINRA Case 17-0477-A customer of WestPark Capital seeks damages of $250,000 and alleges unsuitable trading without diversification; false and misleading statements.
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 for a no charge consultation 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.
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