DID BARBARA ELIZABETH LEONARD CAUSE YOU INVESTMENT LOSSES?
Barbara Leonard Of LPL Financial LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Barbara Leonard of LPL Financial LLC?
Barbara Leonard (CRD #4607044) has been employed with LPL Financial LLC in Galveston, Texas, since December 12, 2018. She is registered in 12 U.S. states and territories, demonstrating a broad geographical scope in her practice. Leonard has passed three general industry/product exams and two multi-state securities law exams, confirming her proficiency in the necessary knowledge for her field. Before her current position, she was associated with H.D. Vest Advisory Services, Inc., and HD Vest Investment Services from February 2003 until December 2018, indicating significant industry experience.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Barbara Leonard Customer Complaints and Reviews
Barbara Leonard has experienced two customer disputes:
- Customer Dispute 1 (Closed-No Action): Filed on June 4, 2021, the client alleged that Leonard advised on a variable annuity that was not fully explained. The firm denied this complaint on July 13, 2021, with no action taken.
- Customer Dispute 2 (Pending): Initiated on April 16, 2024, with allegations of recommending unsuitable investments, particularly direct investments in DPP and LP interests. The claimed damages are $125,000, and this case is currently pending with FINRA, docket number 24-00614.
Allegations Against Barbara Leonard
The specific allegations against Barbara Elizabeth Leonard include:
- Misinformation and Lack of Clarity: The first dispute involved a claim that Leonard did not fully disclose the details of a variable annuity investment.
- Unsuitability of Investments: The second, ongoing dispute accuses Leonard of recommending investments that were not suitable for the clients, focusing on direct participation programs and limited partnerships, reflecting concerns over her investment advice suitability.
Barbara Leonard Red Flags & Your Rights As An Investor
Of course, Barbara Leonard did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Barbara Leonard at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Barbara Leonard has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At LPL Financial LLC Due To Barbara Leonard
If you have questions about LPL Financial LLC and/or Barbara Leonard and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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