Last Updated: October 2023 (Houston, TX)
Eduardo Leon, Jr. Investigation Summary
Here’s what you need to know about Houston, Texas, stockbroker Eduardo Leon, Jr.:
- Name: Mr. Eduardo Leon, Jr.
- Current Employer: Global Financial Services
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: Houston, Texas
- CRD 2232647
- Can Eduardo Leon, Jr. be sued in FINRA arbitration: Yes
- Subject of FINRA Investigation: Yes
- Highest Settlement : $300,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Eduardo Leon, Jr. As Your Stockbroker?
In 2/2023 Eduardo Leon, Jr. was notified that a FINRA investigation was initiated regarding certain purchase transactions made in the Fall 2021-early 2022 time period for several clients in a certain foreign bond issue that had gone into default by mid 2022, resulting in losses. This is an ongoing investigation.
In 4/2023 a customer of Global Financial Services was paid $174,175 (funded 100% by Leon) to resolve allegations that Eduardo Leon mistakenly purchased an incorrect amount of a foreign bond issue. The bond went into default in May 2022.
Another Global Financial Services customer was paid $265,943 in 9/2022, also completely funded by Eduardo Leon to resolve allegations that purchase of a short duration bond, with a S&P Bond Rating of B+ was made without authorization and was inconsistent with the customer’s moderate risk tolerance.
In 9/2022 a Global Financial Services customer was paid $235,000, all funded by Eduardo Leon, to resolve allegations that Leon acted without authority when he invested in a bond that defaulted. The customer also alleged that Leon failed to impose “stop loss” orders in 4/2021 on two securities resulting in losses.
Earlier in his career, in 4/2010, Leon was the subject of a customer complaint alleging sales practice violations that resulted in a $300,000 settlement.
Allegations of Broker Misconduct Against Eduardo Leon, Jr.
Customers of Eduardo Leon, Jr. have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation Inconsistent with Customer’s Risk Tolerance
- Unauthorized Trading
- Mistakenly purchased bonds in too great an amount
- Sales Practice Violations
- Failed to fulfill stop loss instructions
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Eduardo Leon, Jr., contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
