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Investors Allege Leandro Milititsky Set Up Unapproved Risk Profile

Dec 22, 2022 Unsuitable Investments

Leandro Milititsky (CRD #: 4874510), a broker registered with Jeffries, was named in a recent investor dispute, according to his BrokerCheck record, accessed on December 13, 2022. Investors may have also worked with him through Leucadia Asset Management. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

In a dispute filed on September 13, 2022, multiple investors alleged that, in May 2019, Jeffries allowed Leandro Milititsky to set up a risk profile without approving it, resulting in losses in the clients’ accounts. This risk profile allegedly identified their risk objective as speculative instead of conservative.

The investors sought $1,362,165.80 in damages but the dispute was denied by the firm.

However, investors should know that firms can deny disputes without an outside review. Investors may be able to recoup their losses after a denial by seeking out FINRA arbitration.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must take into account the characteristics described in an investor’s profile, such as their age, tax status, and risk tolerance.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Leandro Milititsky has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 3 – National Commodity Futures Examination
  • Series 7 – General Securities Representative Examination

Leandro Milititsky is a registered broker in all 50 states, the District of Columbia, and Puerto Rico. He is also a registered investment adviser in Connecticut.

He has also worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691) and Citicorp Investment Services (CRD#:23988).

Kurta Law Can Help

If you worked with Leandro Milititsky and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.