The law offices of Gana Weinstein LLP are currently investigating claims that Broker Leslie Jackson (Jackson) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Jackson was employed by Momentum Independent Network INC. at the time of the activity. If you have been a victim of Jackson’s alleged misconduct our firm may be able to assist you in recovering funds.
FINRA BrokerCheck shows a final customer complaint on September 19, 2023.
Without admitting or denying the findings, Jackson consented to the sanction and to the entry of findings that he participated in private securities transactions totaling $1,975,000 without providing advance written notice to his member firm prior to engaging in these transactions. The findings stated that Jackson participated in the sale of promissory notes issued by entities purportedly engaged in a business that provided financing to construction companies. Jackson recommended the investments to five investors, including one family member and three firm customers, who ultimately purchased an aggregate $1,475,000 of the issuers’ promissory notes. Jackson also personally purchased notes totaling $500,000. Jackson participated in these investments by telling the investors about the notes, answering questions about the investments, helping the investors complete the subscription documents, and collecting the payments for the investments to provide to the issuers. Jackson received periodic payments from the issuers in amounts equal to 3% of each investment per year during their respective terms, paid monthly. In addition, Jackson falsely responded to questions about whether he had participated in private securities transactions on compliance questionnaires.
Securities Lawyers Blog
