Columbus, Ohio financial advisor Tom Bates (CRD# 1037294) allegedly gave misleading investment advice, according to a recent investor complaint. Financial...Read More
Alexander Leon: FINRA Investigates Signature Securities Advisor
The Financial Industry Regulatory Authority recently initiated an investigation against Brooklyn financial advisor Alexander Leon (CRD# 2336148) in connection with alleged disclosure failures. FINRA records show that Mr. Leon is currently registered as a broker and an investment advisor with Flagstar Advisors and Signature Securities Group Corporation, respectively.
Mr. Leon’s BrokerCheck report discloses the recently announced FINRA investigation. Filed in February 2023, the disclosure states that FINRA determined he “failed to provide full and fair disclosure of all material facts to customers, including conflicts of interest, in connection with recommended securities transactions.” The disclosure provides no other information regarding the alleged underlying conduct.
A second disclosure on Mr. Leon’s BrokerCheck report concerns an investor complaint against him. Filed in 1998, the complaint alleged that as a representative of Josephthal & Company, he made an unauthorized transaction in the customer’s account. The complaint alleged damages of $50,000 and was denied by the firm.
According to the Financial Industry Regulatory Authority, Alexander Leon holds 28 years of securities industry experience. Based in Brooklyn, New York, he has been a broker and an investment advisor with Flagstar Advisors and Signature Securities Group Corporation since 2018. His past registrations include HSBC Securities (Brooklyn, New York; 2005-2018), Signature Securities (Brooklyn, New York; 2018), Chase Investment Services Corporation (New York, New York; 2004-2005), HSBC Brokerage (New York, New York; 2002-2003), Fahnestock & Company (New York, New York; 2002), Prime Charter (1998-2002), Josephthal & Company (1998), Nichols Safina Lerner & Company (1996-1998), Joseph Stevens & Company (1995-1996), Meyers Pollock Robbins (1995), AS Goldmen & Company (Red Bank, New Jersey (1994-1995), and Gruntal & Company (1993-1994). His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Connecticut, Florida, New Jersey, New York, Pennsylvania, Texas, and Virginia. (Information current as of April 22, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.