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Rick Leininger is the Subject of a FINRA Suspension

Rick Leininger (CRD #: 809473) has been suspended by FINRA. This disclosure appears on his BrokerCheck record, accessed on December 11, 2023. Keep reading if you have questions about his alleged conduct. 

On October 19, 2023, Rick Leininger entered into an Acceptance, Waiver, and Consent agreement (AWC) with FINRA in which he consented to the findings that he caused his firm to make and preserve inaccurate books by mismarking 291 solicited trades as unsolicited. 

What is the Difference Between Solicited and Unsolicited Trades? 

Unsolicited trades are trades that an investor picks. Solicited trades are trades that the broker chooses for an investor. Many investors rely on brokers for recommendations, and brokers should only recommend investments that suit their customers’ financial needs. Firms are required to evaluate the suitability of solicited trades, so brokers must accurately mark each trade.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Mismarking trades violates this rule. 

FINRA Rule 4511

FINRA Rule 4511 requires that firms maintain accurate books and records. Mismarking trades violates this rule. 

Terms of the AWC 

As part of the terms of the AWC, Rick Leininger consented to a two-month suspension and a $5,000 fine. You can read a copy of the AWC here

Background Check 

Rick Leininger has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 24 General Securities Principal Examination 

He is a registered broker with the following states: California, Illinois, Texas, and Wisconsin. 

During his 48 years of experience, Rick Leininger has registered with The Investment Center (CRD #: 17839) and Edward D. Jones & Co. (CRD #: 250). 

Kurta Law Can Help 

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