Jacob Harrison Leddy (CRD #6073108) Has Regulatory, Employment Separation, and Judgment/Lien Disclosures on FINRA BrokerCheck

Jacob Harrison Leddy (CRD #6073108) was previously registered as a broker. We reviewed his BrokerCheck report on April 23, 2026. It reflects one final regulatory event, one employment separation disclosure, and one judgment/lien disclosure. If you invested with Jacob Harrison Leddy and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Actions

Jacob Leddy’s FINRA BrokerCheck Report reflects one final regulatory event. A summary of the disclosure is below:

On May 9, 2023, FINRA entered an Acceptance, Waiver & Consent with Jacob Leddy. Jacob Leddy’s FINRA BrokerCheck states that he improperly removed and retained customer non-public personal information without his firm’s or the customers’ consent. The report says he photographed customer account information, including names, dates of birth, account numbers, and Social Security numbers, before leaving Merrill Lynch, Pierce, Fenner & Smith Inc. BrokerCheck also shows FINRA fined him $5,000 and suspended him in all capacities for 10 business days from June 5, 2023, through June 16, 2023. Related document: AWC link

Employment Separation

Jacob Leddy’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of the disclosure is below:

On February 24, 2026, RBC Capital Markets LLC discharged Jacob Leddy. Jacob Leddy’s FINRA BrokerCheck states the firm reported violations of the RBC Wealth Management Securities Registration & Licensing Policy, the RBC Insurance License Renewal & Continuing Education Policy, and the RBC Code of Conduct.

Judgment / Lien

Jacob Leddy’s FINRA BrokerCheck Report reflects one judgment/lien disclosure. A summary of the disclosure is below:

On October 16, 2025, Jacob Leddy’s FINRA BrokerCheck shows a $100,299 federal tax lien filed by the Internal Revenue Service and marked outstanding. The report says Leddy stated the lien relates to tax years 2021 and 2022, that he did not receive earlier IRS correspondence because it went to an old address, and that he retained an accounting firm to dispute or resolve the assessment.

Rule Summary #1: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires members to observe high standards of commercial honor and just and equitable principles of trade. Conduct involving improper handling of customer information can raise questions about whether those standards were met.

Rule Summary #2: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain supervisory systems and written procedures designed to achieve compliance with securities laws and FINRA rules. Issues involving customer information and firm policy compliance often lead to questions about supervision, training, and controls.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Jacob Leddy:

Is not currently registered as a broker.

Has passed the Securities Industry Essentials (SIE) exam. Jacob Leddy has also passed Series 57TO, Series 7, Series 56, and Series 66.

Was previously registered with firms that include RBC Capital Markets LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and T3 Trading Group, LLC.

Kurta Law Can Help

If you have worked with Jacob Leddy and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.