Last Updated: September 2023 (Los Angeles, CA)
Doug Kaiser Investigation Summary
Here’s what you need to know about Los Angeles, CA , stockbroker Doug Kaiser:
- Name: Mr. Douglas Fulton Kaiser
- Current Employer: Westpark Capital Inc.
- Previous Firms: Dawson James Securities, National Securities Corp., Sterling Financial Investment
- Function: Stock Broker/ Financial Advisor/National Sales Manager
- Aliases: Doug Kaiser
- Primary Location: Los Angeles, CA
- CRD 1674570
- Can Doug Kaiser be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement: $50,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Doug Kaiser As Your Stockbroker?
Doug Kaiser has been sanctioned by securities regulators six times, including the following:
- 11/2022-FINRA suspended Kaiser in his capacity as a principal for three months (ending 3/2023), fined him $5,000 and required him to attend and complete 20 hours of continuing education for failures to supervise firm markups and markdowns for U.S. Treasury securities. As a result of these elevated markups and markdowns, customers suffered losses.
- 3/2012- Maryland Division of Securities accepted Kaiser’s Offer of Settlement finding that he acted unethically by directing and facilitating the improper disguised and deceptive commission recapture arrangement between his firm and a customer. Kaiser’s Maryland license was revoked.
In 7/2017 a customer of Westpark Capital was paid $50,000 to resolve allegations that Doug Kaiser was negligent in allowing an unsuitable investment in a private placement.
Allegations of Broker Misconduct Against Doug Kaiser
Customers of Doug Kaiser have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Negligence
Securities regulators have alleged that Doug Kaiser committed the following wrongdoing in connection with the handling of customer accounts:
- Failure to supervise
- Unethical
- Provided testimony to FINRA that was false and misleading
- Using advertisements or sales presentations in a deceptive or misleading manner
- Violated Article III, Sections I, and 19(f) Rules of Fair Practice
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Doug Kaiser, or another broker with Westpark Capital, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
