Douglas Waisner Allegedly Misrepresented an Investment

Douglas Waisner (CRD #: 1280998), a broker registered with Western International Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 19, 2024. This is the fourth investor dispute on his record. 

Investor Dispute

On December 22, 2023, an investor alleged that Douglas Waisner misrepresented an investment. 

FINRA Rule 2020 – Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses, and fees. Brokers must always disclose the risks associated with illiquid investments, such as early withdrawal fees. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 also violate this rule. 

Background Information 

Douglas Waisner has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 3 National Commodity Futures Examination 
• Series 7 General Securities Representative Examination 
• Series 4 Registered Options Principal Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in six states and is a registered investment adviser in California and Texas. 

During his 39 years of experience, he has registered with four firms: 

• Western International Securities (CRD #: 39262) 
• Financial West Group (CRD #: 16668) 
• Oppenheimer & Co. Inc. (CRD #: 630) 
• Shearson Lehman Hutton (CRD #: 7506) 

Kurta Law Can Help 

If you have worked with Douglas Waisner and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.