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Investors Allege Roberto Leslie Recommended Unsuitable Investments

Nov 21, 2022 Unsuitable Investments

Roberto Leslie (CRD #: 2755940), a broker registered with Infinex Investments, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on November 6, 2022. Investors may have engaged his services through Popular Investments. 

Pending Investor Disputes

On September 8, 2022, an investor alleged that Roberto Leslie placed them into an investment that was unsuitable for their investment goals. The client seeks $100,000 in this pending dispute.

In a dispute filed on June 17, 2022, multiple investors alleged that Roberto Leslie made an unsuitable recommendation of an offshore Northstar annuity. The clients seek $100,000 in damages in this pending dispute.

Settled Disputes

A dispute filed on May 14, 2021, alleged that Roberto Leslie failed to explain the risks associated with a non-traded real estate investment trust (REIT). The client sought $100,000 in damages and received a settlement of $75,000.

On July 12, 2019, an investor alleged Roberto Leslie recommended unsuitable REITs despite the client seeking liquid investments. This dispute was settled for $80,000.

In a dispute filed on December 1, 2017, a client’s son and co-investor alleged that Roberto Leslie failed to sufficiently disclose in an investment’s prospectus how certain fees and commissions could affect market value. The claimant sought $60,000 but the dispute was denied by the firm.

However, investors should know that firms can deny disputes without allowing an outside review. Investors can still seek out FINRA arbitration and potentially recoup their losses following a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consider the information in an investor’s profile, such as their age, risk tolerance, and tax status when making recommendations.

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

What is a real estate investment trust?

A real estate investment trust (REIT) is a company that owns and maintains real estate properties. Investors can earn dividends through REITs without taking on any responsibility for the upkeep of the properties. However, REITs tend to be illiquid and unsuitable for many investors.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deceptive, manipulative, or otherwise unethical tactics to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s limitations or requirements.

Background Information

Roberto Leslie has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Roberto Leslie is a registered broker in six states and Puerto Rico. He is also a registered investment adviser in New Jersey and New York.

He has also worked for the following firms:

  • Essex National Securities (CRD#:25454)
  • LPL Financial (CRD#:6413)
  • IFMG Securities (CRD#:14416)
  • NFB Investment Services Corporation (CRD#:25658)
  • Greenpoint Securities (CRD#:127042)
  • Citicorp Investment Services (CRD#:23988)
  • Prime Charter Limited (CRD#:25668)
  • D. H. Blair & Company (CRD#:6833)
  • Americorp Securities (CRD#:30405)

Kurta Law Can Help

If you worked with Roberto Leslie 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.