On June 15, 2023, a customer dispute was filed against Timothy Hassell, a broker associated with Westpark Capital, Inc and currently with American Trust Investment Services, Inc. The allegations in the dispute are serious and include breach of fiduciary duty, negligence and negligent misrepresentation, breach of contract, failure to supervise, and violation of Regulation Best Interest. The matter pertains to a transaction involving GWG Holdings Inc.’s L Bonds, with the claim amounting to a hefty $50,000.
The Allegation in Simple Terms
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In layman’s terms, the allegations suggest that Timothy Hassell, during his tenure with the firm, failed to act in the best interest of the client. This includes not adequately supervising transactions, misrepresenting information, and breaching the contractual agreement with the client. This is a serious matter as it not only involves a significant financial loss for the client, but also potential violations of financial regulations.
However, it’s important to note that Hassell has stated that the disputed transaction was executed by a previous representative, prior to his involvement with the client. He maintains that he had little to do with the transaction, and that his name was only referenced once in the Statement of Claim. Despite this, the gravity of the allegations and the potential financial implications cannot be overlooked.
Investigation by Haselkorn & Thibaut
Amidst these allegations, Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas, is investigating the matter. With more than 50 years of experience in the field, a stellar 98% success rate, and a history of successful financial recoveries for investors, they are more than equipped to handle such a case.
- Breach of fiduciary duty
- Negligence and Negligent Misrepresentation
- Breach of Contract
- Failure to supervise
- Violation of Regulation Best Interest
They are offering a free consultation to clients who may have been affected by this issue. If you believe you have been a victim, you can reach out to them at 1-800-856-3352. Their “No Recovery, No Fee” policy ensures that you won’t be charged unless they successfully recover your losses.
The Role of FINRA Arbitration
FINRA Arbitration is a platform that allows investors to recover losses caused by investment fraud or misconduct. It’s a streamlined, less formal process compared to traditional litigation, and it can be an effective way for investors to seek justice. With the help of experienced law firms like Haselkorn & Thibaut, investors stand a good chance of recovering their losses.
While the allegations against Timothy Hassell are serious, it’s important to remember that they are just that – allegations. As the investigation continues, the truth will hopefully come to light. In the meantime, investors who believe they may have been affected should not hesitate to seek legal counsel.
