Securities Lawyers Blog
Alternative investment losses, REIT investment losses, DST investment losses, leveraged ETF losses, and other retirement investment losses are frequently traced to recommendations that were unsuitable for the investor. The investment loss lawyers at Gana Weinstein LLP represent customers of brokerage firms such as The Leaders Group, Inc. in FINRA arbitration claims to recover losses in these products. If you are wondering whether you can sue for investment losses or recover losses from a financial advisor, our attorneys can review your accounts and give you a clear answer.
The Leaders Group, legally known as Simplicity Investments, is a broker-dealer that sells mutual funds, municipal securities, variable life insurance and annuities and private placements, and provides back-office service bureau functions for other broker-dealers, investment advisers and insurance firms. Formed in Delaware in 1994 and based in Summit, New Jersey, the firm is part of the Simplicity Group and is registered across 52 states and territories.
The Leaders Group, Inc. – By the Numbers:
- CRD #: 37157
- Regulatory Events: 4
- Broker Employees: 1,438
The Leaders Group, Inc. – In the News:
FINRA v. The Leaders Group, Inc. (Case #2014038972001) – This matter involves multiple supervisory and related deficiencies that occurred during the period of May 2012 through September 2014 and pertained to consolidated reports, internal inspections, heightened supervision, outside business activities, email, variable annuities, and communications with the public. Such deficiencies resulted in violations of NASD Rules 3010 and 2210; FINRA Rules 4511, 3270, 2210, and 2010; Section 17(a) of the Securities Exchange Act of 1934 (“Exchange Act”) and Exchange Act Rule 17a-4(b). Additional deficiencies found during this time period pertained to compensation arrangements entered into by Respondent that paid commissions derived from securities transactions to non-registered entities, thereby violating NASD Rule 2420, FINRA Rules 4511 and 2010, and Section 17(a) of the Exchange Act and Exchange Act Rule 17a-3(a)(19)(i).
Gana Weinstein LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your The Leaders Group, Inc. accounts. Our consultations are free and we welcome all inquiries.