Douglas Kaiser Facing Allegations Of Failure To Supervise

Soreide Law Group is looking into possible investor claims against securities broker Douglas Kaiser (also known as Doug Kaiser) (CRD: 1674570, Boca Raton, Florida). Particularly, FINRA sanctioned the securities broker, who worked for Westpark Capital Inc. Allegedly, Kaiser failed to supervise markdowns and markups at Westpark Capital Inc. Here is a brief summary of FINRA’s allegations against Kaiser.

FINRA Sanctions Kaiser For Failure To Supervise

Evidently, on November 11, 2022, FINRA issued Case: 2020066903601, sanctioning Douglas Kaiser for infractions. Specifically, Kaiser agreed to pay a $5,000 fine and serve a three-month suspension as securities principal. Particularly, FINRA alleged that Kaiser failed to supervise markdowns and markups that his subordinate representative charged to clients. Notably, FINRA says that the representative recommended an unsuitable investment strategy involving short-term U.S. Treasury securities trading. Supposedly, eight clients sustained losses because of that representative.

Westpark Capital Inc. Investor Accuses Douglas Kaiser Of Breach Of Fiduciary Duty

Specifically, a Westpark Capital Inc. client filed FINRA Arbitration: 16-00977 about Douglas Kaiser. Namely, the client alleged that Kaiser was negligent, breached a fiduciary duty, made unsuitable recommendations, and failed to supervise registered representatives. Because of this, the client allegedly sustained damages on private placements and convertible notes. Therefore, on July 15, 2017, Westpark Capital Inc. settled this matter by paying the client $50,000 in damages.

Recent Employment Information

• Kaiser started working for Westpark Capital Inc. on March 26, 2010.

Damages Resulting From Westpark Capital Inc. Securities Broker Douglas Kaiser?

Have you sustained damages because of Douglas Kaiser? If you have, then contact Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered losses for investors across the United States, represents clients on a contingency fee basis and will advance all costs. Please keep in mind that Kaiser and brokerage firms Kaiser worked for deny all allegations of sales practice violations.