Erez Law is currently investigating former Raymond James & Associates, Inc. financial advisor Leon Rehak (CRD# 2331058) regarding excessive trading and churning in customer accounts. Rehak has been registered with LPL Financial LLC in Pompano Beach, Florida since October 2016. Previously, he was registered with Raymond James & Associates, Inc. in Ft. Lauderdale, Florida from 2004 to 2016.
Rehak has been the subject of one customer complaints, according to his CRD report:
November 2016. “Client alleges fraud, excessive trading, churning, unauthorized trading, breach of fiduciary duty, unsuitability, breach of contract, negligence, unjust enrichment and deceptive practices. Activity date is: 4/2004 through 12/2011.” The customer is seeking $600,000 in damages and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Raymond James & Associates, Inc. may be liable for investment or other losses suffered by Rehak’s customers.
Erez Law represents investors in the United States for claims against former Raymond James & Associates, Inc. financial advisor Leon Rehak, who is alleged to excessively trade and churn in customer accounts. If you were a client of Raymond James & Associates, Inc. or another firm, and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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