Investors Allege Leigh Einhorn Made Unsuitable Investment Recommendations

Leigh Einhorn (CRD #: 2091410), a broker registered with Wells Fargo Clearing Services, allegedly misrepresented unsuitable investments, according to his BrokerCheck record, accessed on July 14, 2022. Keep reading if you have questions about Leigh Einhorn’s conduct as a broker.

Investor Disputes

On January 9, 2023, several investors filed a dispute alleging that Leigh Einhorn failed to clearly communicate the details of a recommended investment, which the investors further allege was unsuitable. They allege that this misconduct occurred between February 10, 2021, and January 9, 2023. This dispute is currently pending.

In a pending arbitration filed on December 21, 2022, an investor alleged that Leigh Einhorn made unsuitable investment recommendations from November 3, 2021, through May 5, 2022. The client alleged that Leigh Einhorn claimed that these investments were low-risk, and that he should not have recommended bonds to the client during an inflationary period.

A denied dispute, filed on December 11, 2015, alleged that Leigh Einhorn recommended an annuity on October 27, 2015, that did not provide the safety the investor requested and came with excessive and undisclosed fees.

Investors should know that firms can deny disputes without an external review. Investors can still seek out FINRA arbitration and potentially recover their losses following a denial.

FINRA Rules 2111 and 2020

FINRA Rule 2111 defines suitable investments as securities that sufficiently fit an investor’s profile. Investors’ profiles contain information such as their age, tax status, and other investments. Brokers must use the information described in their client’s profile when recommending individual investments and investment strategies.

FINRA Rule 2020 bans the use of deception, manipulation, and other fraudulent means of influencing the purchase and sale of securities. This includes the misrepresentation or omission of material facts, such as an investment’s fees, limitations, or expected returns.

Investors who feel their losses were caused by misrepresented or unsuitable investments may be able to recover their funds by pursuing FINRA arbitration.

Background Information

Leigh Einhorn has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Leigh Einhorn is a registered broker in 12 states and a registered investment adviser in New Jersey.

He has also worked for the following firms:

• First Union Brokerage Services (CRD#:8112)
• Marketing One Securities (CRD#:16611)
• Pruco Securities (CRD#:5685)
• The Prudential Insurance Company of America (CRD#:680)

Kurta Law Can Help

If you worked with Leigh Einhorn and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.