Eduardo Leon Jr.’s record includes four prior customer disputes, all of which were resolved through settlements compensating clients for financial losses. In one case, he engaged in “negligent over-purchasing” of a bond, mistakenly buying more than the authorized amount. Two other disputes stemmed from defaults on bonds that occurred just 21 days after the purchases, causing client losses. The earliest complaint alleged sales practice violations, claiming $750,000 in damages, and was settled for $300,000.
FINRA’s most recent investigation determined that Leon’s recommendations were not in the client’s best interest, going against Regulation Best Interest (Reg BI). He advised customers to purchase and hold a volatility-linked exchange-traded note without having a sufficient understanding of its risks and features. He also recommended customers purchase a foreign currency denominated corporate bond that was not in their best interest and inconsistent with the customers’ investment profiles.
Did You Invest with Eduardo Leon Jr?
If you invested with Eduardo Leon Jr., it is crucial to review your account activity and transaction records carefully. Concerns about mismanagement or unsuitable recommendations could entitle you to seek recovery through securities arbitration or other legal remedies. Consulting with a qualified securities attorney may help you understand your rights and options. Silver Law group has experience in FINRA arbitration, investment loss recovery and securities litigation.
Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today at (800) 975-4345 and let us know how we can help.