DID LEIGH ERAN EINHORN CAUSE YOU INVESTMENT LOSSES?
Leigh Einhorn Of Wells Fargo Clearing Services, LLC Has 5 Customer Complaints For Alleged Broker Misconduct
About Leigh Einhorn Of Wells Fargo Clearing Services, LLC?
Leigh Eran Einhorn (CRD #2091410) is a seasoned broker currently registered with Wells Fargo Clearing Services, LLC in Summit, NJ, having started with this firm on October 1, 2000. Over his career, Einhorn has been associated with multiple firms, including First Union Brokerage Services, Marketing One Securities, Inc., and Pruco Securities Corporation. His experience spans from September 1990 to the present, indicating over 30 years in the industry. He is registered with 6 Self-Regulatory Organizations (SROs) and holds licenses in 14 U.S. states and territories. Einhorn has passed 3 General Industry/Product Exams and 2 multi-State Securities Law Exams, though he has not passed any Principal/Supervisory Exams. His diverse registration history and substantial industry examination success underscore a well-established professional background in securities and investment advice.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Leigh Einhorn Customer Complaints and Reviews
Leigh E. Einhorn has a total of 5 customer disputes disclosed in his record. Below is a summary of each incident:
- Mutual Fund Dispute (Settled on 04/14/2023): A complaint was lodged against Einhorn for not adequately communicating the details of a recommended investment, questioning the financial suitability assessment. The settlement amount was $4,191.64, although the firm stated it could not determine if damages were under $5,000.
- Unsuitable Investments (Settled on 11/13/2023): The claimant alleged that from 2021 through January 2022, Einhorn made unsuitable investment recommendations during an inflationary period, specifically in self-directed, fee-based accounts. The arbitration was settled for $37,500 to avoid further arbitration costs.
- Rollover 401K Mismanagement (Settled on 07/21/2017): A client claimed that Einhorn failed to invest rollover 401K retirement funds appropriately, leading to tax penalties. The case was settled for $500.
- Variable Appreciable Life Insurance (Settled on 06/03/1996): A client alleged misrepresentation concerning a funding proposal made in 1990. The matter was resolved by adjusting the cost of the policy at an estimated cost of $13,505.03, with the firm acknowledging the merit in the allegations.
- Annuity Fees Non-disclosure (Denied on 02/02/2016): A client alleged that an annuity recommended by Einhorn had excessive undisclosed fees and did not meet the requested safety criteria. The claim was denied, with unspecified damages suggested to be over $5,000.
Allegations Against Leigh Einhorn
- Miscommunication and Suitability: It was alleged that Einhorn did not properly communicate investment details or assess financial suitability for investments in mutual funds, leading to a financial settlement.
- Unsuitable Investments During Inflation: Accusations were made that Einhorn advised on investments that were unsuitable during an inflationary period, particularly recommending bonds inadvisably. This was settled through arbitration with a significant payout.
- 401K Rollover Mismanagement: Einhorn was accused of mismanaging the transfer of 401K retirement funds, resulting in tax penalties for the client, which was settled.
- Life Insurance Misrepresentation: In the early 1990s, Einhorn faced allegations of misrepresenting a life insurance policy’s term, which required the firm to adjust the policy at their expense after acknowledging the allegations had merit.
- Annuity Fees Non-disclosure: Allegations that Einhorn failed to disclose the full extent of fees associated with an annuity product were ultimately denied, although it was suggested that potential damages exceeded $5,000.
Leigh Einhorn Red Flags & Your Rights As An Investor
Of course, Leigh Einhorn 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 Leigh Einhorn at Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Leigh Einhorn has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Wells Fargo Clearing Services, LLC also raises questions about the brokerage firm’s 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 Wells Fargo Clearing Services, LLC Due To Leigh Einhorn
If you have questions about Wells Fargo Clearing Services, LLC and/or Leigh Einhorn 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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