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Leroy George Allegedly Failed to Inform Client About Mutual Fund

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
September 6, 2022 at 8:58pm

Leroy George (CRD #: 1540486), a broker registered with Kovack Securities, was involved in a recent dispute, according to his BrokerCheck record, accessed on August 19, 2022. Keep reading if you have questions about his conduct as a broker.

Investor Dispute

On May 13, 2022, an investor alleged that Leroy George failed to fully explain the purchase of a mutual fund, which later decreased in value. This dispute was denied by the firm.

However, investors should be aware that firms don’t need to allow an external review before denying disputes. Investors may be able to recoup their losses by seeking out FINRA arbitration after a denial.

Mutual funds can be the subject of broker fraud. Investors should always discuss suspicious losses with a securities lawyer. 

FINRA Rule 2020

FINRA Rule 2020 bans the use of deceptive, manipulative, and otherwise fraudulent means of influencing investors’ decisions. This includes misrepresenting or omitting material facts, such as an investment’s potential returns, risks, or requirements.

Background Information

Leroy George has passed the following exams:

  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Leroy George is a registered broker in Florida.

He has also worked for the following firms:

  • Next Financial Group (CRD#:46214)
  • Summit Brokerage Services (CRD#:34643)
  • Cambridge Investment Research (CRD#:39543)
  • First Investors (CRD#:305)

Kurta Law Can Help

If you worked with Leroy George 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. 

 

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