Leonard Suskind: UBS Advisor Received $1.5mm Complaint

A recent, denied investor complaint against Hallandale Beach, Florida financial advisor Leonard Suskind (CRD# 1140599) alleged that his conduct resulted in 7-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with UBS Financial Services.

Mr. Suskind’s BrokerCheck report discloses several investor complaints. The most recent, filed in January 2025, alleged that as a representative of UBS Financial Services, he recommended an “untrue and deceptive” outside investment. The complaint alleged damages of $1.5 million and was denied by the firm. “This client participated in a private placement with no advise [sic] or guidance from me,” Mr. Suskind wrote in a statement included with the disclosure.

An earlier investor complaint, filed in 2016, alleged that as a UBS representative, he over-concentrated the customer’s account in master limited partnerships and real estate investment trusts. In 2017 the complaint reached a settlement of $220,000.

In a statement included with the complaint’s disclosure, Mr. Suskind denied the allegations. “I have managed his company’s account for over 10 years and throughout the relationship I’ve utilized an equity income model, which is a diversified income generating portfolio,” he wrote in part. “We discussed the risks involved in having a non-diversified portfolio and encouraged him to consider an income equity portfolio. He was adamant on how this account was to be invested so I agreed to manage his MLP portfolio.”

According to the Financial Industry Regulatory Authority, Leonard Suskind holds 41 years of securities industry experience. Based in Hallandale Beach, Florida, he has been registered as a broker and an investment advisor with UBS Financial Services since 2013. His past registrations include Morgan Stanley, Citigroup Global Markets, and Lehman Brothers. His credentials include the passage of four securities industry qualifying exams: the Foreign Currency Options Examination, or Series 15; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 28 state licenses. (Information current as of February 17, 2025.)

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