Leslie Lauer Allegedly Misrepresented an Options Overlay Strategy

Leslie Lauer (CRD #: 2941432), a broker registered with RBC Capital Markets, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on March 15, 2024. Details concerning this dispute are provided below. 

Investor Dispute

On January 5, 2024, investors alleged that Leslie Lauer misrepresented an unsuitable investment strategy. The strategy allegedly involved investing in and holding an options overlay strategy. 

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.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unsuitable investment recommendations violate this rule. 

Background Information 

Leslie Lauer has passed the following exams: 

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

She is a registered broker in 47 states D.C., and Puerto Rico. She is a registered investment adviser in Georgia, Ohio, and Texas. 

During her 18 years of experience, she has registered with two firms: RBC Capital Markets (CRD #: 31194) and UBS Financial Services (CRD #: 8174). 

Kurta Law Can Help 

If you have worked with Leslie Lauer and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.