Tag Archives: Westpark Capital complaint

Michael Polyakov- Westpark Capital Broker-Discloses Customer Disputes – Boca Raton, FL

March 2018 – Boca Raton, FL

According to publicly available records Michael Polyakov(CRD# 734810)  a  stockbroker who is currently employed by Westpark Capital  disclose 3 prior settled customer disputes .

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 FINRA Case 13-01037,  a customer of  one of Polyakov’s prior employers, International Assets Advisory,  alleged “wrongful conduct by making unsuitable investments, churning and excessive trading”.   The case was settled for  $72,500.

In NASD Case 3-0376, a customer of former employer Bear, Stearns alleged excessive trading and unsuitable recommendations as well as a failure to adequately explain the risks of trading on margin. That case was settled for $182,500.

Polyakov has been employed with WestPark Capital since January 2016. He was employed by International Assets Advisory from December 2010 to February 2012,  and with Revere Securities Corp. from February 2012 to October 2015 .

If you have questions about an account in an account handled by Michael Polyakov,  contact us for a no charge consultation to discuss your legal options for recovery.

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

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

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.

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