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WARNING TO INVESTORS—Douglas Leone Was Barred By FINRA And Has Been The Subject Of Numerous Customer Complaints

The Wolper Law Firm is currently investigating claims against Douglas Leone, A former Financial Advisor at Salomon Whitney Financial in Melville, NY.  Douglas Leone’s previous associations include Newport Coast Securities and Basic Investors, Inc.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Douglas Leone has been the subject of eight (8) customer complaints.  This is an exceedingly high number of customer complaints against a single financial advisor in a short period of time.  The allegations made in the customer complaints include unauthorized trading, unsuitability, churning, breach of contract, negligence, breach of fiduciary duty and misrepresenting or omitting material facts regarding the purchase and sale of securities.

Separately, in 2017, FINRA initiated an investigation against Douglas Leone for his sales practices.  This investigation culminated in a January 2018 censure barring Douglas Leone from associating with any FINRA member brokerage firm.  The allegations made by FINRA against Douglas Leone included that he excessively traded accounts and recommended investing in inverse and leveraged exchange traded funds (ETFs), and inaccurately characterized trades as unsolicited (i.e., initiated by the customer) when in fact they were recommended by Douglas Leone.

If you or someone you know was a customer of Douglas Leone and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@67.43.6.64 to discuss your specific situation and the legal options available.  The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: (800) 931-8452
(954)-406-1231

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis

Additional Office Locations (by appointment only)

Atlanta

3355 Lenox Road
Suite 7
Atlanta, GA 30326

Indianapolis

13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016

Dallas

3102 Maple Ave.
Suite 400
Dallas, TX 75201

Irvine

2600 Michelson Drive
Suite 1700
Irvine, CA 92612

Portland

5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220

Denver

7900 E. Union Ave.
Suite 1100
Denver, CO 80237

Naperville

1700 Park Street
Suite 103
Naperville, IL 60563

Seattle

1001 Fourth Ave.
#3200
Seattle, WA 98154

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis