Soreide Law Group is conducting an investigation into potential claims on behalf of investors who have suffered losses due to the actions of securities broker Leigh Eran Einhorn [CRD: 3000924, Summit, New Jersey]. Einhorn has been registered with Wells Fargo Clearing Services LLC since October 2000 and with Wells Fargo Advisors since January 2004. Investor disputes against Einhorn are explained below.
Specifically, a client lodged a complaint about Leigh Einhorn. Evidently, the client contended that Einhorn failed to communicate about an advised investment transparently and did not correctly evaluate their financial appropriateness. For this reason, the client purportedly faced financial detriment on mutual funds. Consequently, on April 14, 2023, Wells Fargo Advisors settled the issue by compensating the client $4,191.64 in damages.
Notably, a client of Wells Fargo Clearing Services LLC challenged Leigh Einhorn’s recommendation practices by filing FINRA Arbitration: 22-02892 on December 21, 2022. Supposedly, Einhorn engaged in unsuitable investments from 2021 through January 2022 and assured the client that the risk associated with the investments was low and should not have endorsed bonds during an inflationary period. It appears that Einhorn caused the client to incur damages. Therefore, the client is seeking compensatory damages of at least $75,000.00 from Wells Fargo Clearing Services LLC or Einhorn in this ongoing matter.
Also, a client filed a complaint about Leigh Einhorn. Mainly, the client alleged that Einhorn failed to invest rollover 401K retirement funds into a comparable account, leading to tax penalties. Because of this, the client allegedly experienced damages on a variable annuity. Therefore, on July 21, 2017, Wells Fargo Advisors resolved this matter by paying the client $500 in damages.
Particularly, a patron of Wells Fargo Advisors LLC contested Leigh Einhorn's sales conduct, according to a grievance dated December 11, 2015. Supposedly, Einhorn recommended an annuity that did not align with the client’s request for safety. It appears that Einhorn purportedly led the client to sustain damages on a variable annuity. Hence, the client sought compensation from Wells Fargo Advisors LLC or Einhorn for damages. However, this claim was ultimately denied.
Did you experience losses because of Leigh Einhorn? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Einhorn and brokerage firms Wells Fargo Clearing Services LLC and Wells Fargo Advisors deny accusations of sales practice violations.
Soreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against: WELLS FARGO CLEARING SERVICES, LLC (Respondent). The Claimant, in his mid-70s, is retired and living in Georgia. According to the lawsuit, the Claimant maintained his funds in cash accounts at Wells Fargo Bank and was referred to WELLS FARGO broker, […]
Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Colin Christy Kelty (also known as Colin Kelty) [CRD: 5859007, Oakbrook, Illinois]. Colin Kelty has been registered with Cetera Investment Services LLC since December 6, 2011, and Cetera Investment Advisers LLC since January 21, 2014. Previously, Kelty worked for Vision Investment Services, Inc., from […]
Employee Stock Options and Ownership Plans: Key Information Employee stock options (ESOs) and employee stock ownership plans (ESOPs) are popular benefits offered to employees by both private and publicly-traded companies; in certain cases, consultants, contractors and even investors may be offered stock options. The underlying stock options provide employees or stakeholder with a stake in […]
Phone:
Fax: 1-954-760-6553
Email: [email protected]