Former Osaic Wealth, Inc. broker Leonard Hirsch (CRD# 4216156) is accused of options losses. He has been registered with Signature Estate Securities, LLC in Los Angeles, California, since 2023, and SEIA in Redondo Beach, California, since 2016. He was registered with Osaic Wealth, Inc. in Redondo Beach, California, from 2018 to 2023, and Signator Investors, Inc. in Los Angeles, California, from 2016 to 2018.
Leonard Hirsch Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
July 2024. “Option trading strategies (collar and call writing) are alleged to been inappropriate and are alleged to have resulted in losses, notwithstanding the fact that any loss was offset by gain elsewhere in the client’s portfolio.” The complaints as regarding options losses, and it took place while he was registered with Osaic Wealth, Inc.
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, Osaic Wealth, Inc. may be liable for investment or other losses suffered by Leonard Hirsch’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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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