Nicholas Leighton Allegedly Mismanaged Client’s Accounts

Nicholas Leighton (CRD #: 6712286), a broker registered with UBS Financial Services, allegedly invested a client in unsuitable investments, according to his BrokerCheck record, accessed on December 5, 2022. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On September 27, 2022, an investor alleged that Nicholas Leighton invested her accounts in investments contrary to her desire for “very conservative” investments. The client alleged gross negligence and mismanagement between November 17, 2021, and June 29, 2022. She seeks $59,827.19 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account a client’s age, tax status, and other information described in the investor’s profile when recommending investments.

Investors who rely on their broker for recommendations may be able to recover their losses through FINRA arbitration.

What qualifies as broker negligence?

Many types of broker misconduct can qualify as negligence. Examples include unsuitable investment recommendations, failure to supervise other brokers, and misrepresenting or omitting material facts.

Investors who lose money through broker negligence may be able to recoup their losses by pursuing FINRA arbitration.

Background Information

Nicholas Leighton has passed the following exams:

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

Nicholas Leighton is a registered broker in all 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands. He is also a registered investment adviser in New Jersey and New York.

He has also worked for AXA Advisors (CRD#:6627).

Kurta Law Can Help

If you worked with Nicholas Leighton 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.