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Leonard Hirsh Allegedly Recommended Unsuitable Option Trading Strategies

Leonard Hirsh (CRD #: 4216156), a broker registered with Signature Estate Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 14, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On July 2, 2024, an investor alleged that Leonard Hirsh recommended unsuitable option trading strategies that are alleged to have resulted in losses. The investor is seeking $600,000. 

Unsuitable Options Trading

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s risk tolerance. Options trading strategies are often unsuitable because they are speculative and therefore likely to lose money. Depending on what type of options contract the investor buys, the investor is placing a bet that the price of a stock will either increase or decrease. 

Background Information 

Leonard Hirsh has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 15 states and is a registered investment adviser in California and Texas. 

Leonard Hirsh has registered with the following firms: 

  • Signature Estate Securities (CRD #: 18923)
  • SEIA (CRD #: 108163) 
  • Osaic Wealth (CRD #: 23131) 
  • Signator Investors (CRD #: 468) 
  • Barclays Global Investors Services (CRD #: 39438) 

Kurta Law Can Help 

If you worked with Leonard Hirsh and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.

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