Erez Law is currently investigating Joseph Gunnar & Co. LLC broker Leonard Rich (CRD# 375427). He has been registered with Joseph Gunnar & Co. LLC in Uniondale, New York since 2003. He was previously registered with Kirlin Securities Inc. in Syosset, New York, from 2001 to 2003, with M.S. Farrell & Company, Inc. in Syosset, New York, from 1996 to 2001, and with Prudential Securities Incorporated in New York, New York, from 1993 to 1996, when he was terminated regarding, “n/a U-5 notation reads as follows: “permitted to resign after the firm determined that fa had borrowed funds from a client and made certain trades in clients account without proper written authorization.”
Leonard Rich Customer Complaints
He has been the subject of six customer complaints between 1991 and 2023, according to his CRD report. The most recent complaint is regarding:
November 2023. “The client was onboarded in 2018. The client claims the broker Completed Ms. [REDACTED]’s Account Opening Forms by Inputting Incorrect Investment Objectives and Risk Tolerances and engaged in excessive trading, and the firm ignored red flags in regard to these issues.” The customer is seeking $114,500 in damages, and the case is currently pending. The complaint was regarding common and preferred stock losses, and it took place while he was registered with Joseph Gunnar & Co. LLC.
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, Joseph Gunnar & Co. LLC may be liable for investment or other losses suffered by Leonard Rich’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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