Douglas Leone (Douglas Anthony Leone) has consented to a sanction from FINRA (the Financial Industry Regulatory Authority). FINRA is a non-governmental regulator of securities firms that focuses on investor protection and market integrity through effective and efficient regulation of the securities industry. The attorneys of Fishman Haygood Investment Fraud Lawyers are currently investigating possible claims against stockbroker Douglas Leone.
In May 2018 Douglas Leone was barred by FINRA indefinitely from practicing as a broker. Douglas Leone worked for Salomon Whitney Financial in Melville, New York from 2013 to 2017.
Douglas Leone was previously associated with Newport Coast Securities (2008-2013), Basic Investors (2005-2008), Joseph Stevens & Company (2002-2005), and Advanced Planning Securities (2000-2002).
FINRA alleges that Douglas Leone engaged in the following misconduct: failed to attend an on-the-record interview during an investigation by FINRA. .
In cases either pending or settled, customers allege that Douglas Leone engaged in excessive trading and churning of high-risk investments. They allege that these trades resulted in high commission profit for Leone, while customers’ funds suffered as a result.
Customers also allege that Leone made negligent and unsuitable investment recommendations that did not align with the investment goals of the customers.
Douglas Leone has been the subject of at least 8 customer disputes.
If you invested money through Douglas Leone, we would like to talk to you. Fishman Investment Fraud Lawyers are experienced securities litigators. We have helped hundreds of clients recover their losses that were due to broker fraud or negligence. Contact us today to discuss your options and receive a free consultation.
Fishman Investment Fraud Lawyers represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.
Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Investment Fraud lawyer today.