Leonard Daniel Gilroy-Solano (CRD #4792612) Has Customer Dispute Disclosures on FINRA BrokerCheck

Leonard Daniel Gilroy-Solano (CRD #4792612) was previously registered as a broker and has customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on February 5, 2026. It reflects two customer disputes and one employment separation. If you invested with Leonard Daniel Gilroy-Solano and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Leonard Gilroy-Solano’s FINRA BrokerCheck report reflects two customer dispute disclosures. Summaries of the disputes are below:

On September 25, 2025, a complainant alleged the decedent was influenced in their beneficiary selection, including naming the advisor as a beneficiary. Leonard Gilroy-Solano’s FINRA BrokerCheck report lists the product type as a variable annuity and also references equity-listed securities. The customer sought $600,000 in damages, and the matter is listed as pending.

On December 12, 2005, customers alleged that sales charges and related fees were not disclosed. Leonard Gilroy-Solano’s FINRA BrokerCheck report lists the product type as mutual funds and also references an annuity. The customers sought $9,031.45 in damages. The dispute was settled for $8,742.59, with no individual contribution amount listed for the broker.

Employment Separation After Allegations

Leonard Gilroy-Solano’s FINRA BrokerCheck report reflects one employment separation. A summary is below:

Cetera Financial Specialists LLC discharged Leonard Gilroy-Solano on December 30, 2025. FINRA BrokerCheck states the firm alleged he violated its policies by failing to obtain approval before being named a beneficiary of an account owned by a non-immediate family member.

Rule Summary #1: FINRA Rule 3241 (Customer Beneficiary / Position of Trust)

FINRA Rule 3241 limits when a registered person can be named a customer’s beneficiary or hold a position of trust. It requires written notice to the firm and written approval in most situations. Disputes about beneficiary designations can raise conflict-of-interest concerns.

Rule Summary #2: FINRA Rule 2010 (Commercial Honor)

FINRA Rule 2010 requires high standards of commercial honor and just and equitable principles of trade. Issues involving undisclosed charges or conflicts may implicate this broad conduct rule.

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, Leonard Daniel Gilroy-Solano:

Is not currently registered as a broker.

Has passed the Securities Industry Essentials (SIE) exam. Leonard Daniel Gilroy-Solano has passed Series 7 and Series 6. He has also passed Series 65 and Series 63.

Was previously registered with firms that include Cetera Financial Specialists LLC, Securities America, Inc., Wells Fargo Clearing Services, LLC, UBS Financial Services Inc., and Waddell & Reed, Inc.

Kurta Law Can Help

If you have worked with Leonard Gilroy-Solano 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.