Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eduardo Leon (Leon), currently associated with Global Financial Services, L.l.c., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Leon recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on May 08, 2025.
Without admitting or denying the findings, Leon consented to the sanctions and to the entry of findings that he recommended that retail and non-retail customers purchase and hold a volatility-linked exchange-traded note without having a sufficient understanding of its risks and features. The findings stated that Leon willfully violated Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (Reg BI) by recommending investments that were not in the best interests of his retail customers. In addition, Leon recommended that the customers purchase a foreign currency denominated corporate bond that was not in the best interests of the retail customers and was not suitable for the non-retail customers, and in amounts that resulted in concentration levels that were inconsistent with the customers’ investment profiles.