INVESTOR WARNING! Allegations Against RBC Capital Brokers ANDREW LEONARD, ANTHONY DEMAIO, DAVID MCILROY, THOMAS MCCRACKEN

Andrew Stephen Leonard (CRD#: 5928927, Washington, District of Columbia) is a general securities representative of RBC Capital Markets. Evidently, Andrew Leonard joined the firm’s DC offices on August 22, 2012. Mainly, Andrew Leonard shows on his FINRA BrokerCheck report that a customer filed a complaint on August 24, 2017. Allegedly, Andrew Leonard made unauthorized stock trades in the RBC Capital Markets customer’s account. In addition, the customer claimed that the firm’s false customer records caused the customer to face excessive tax consequences when the customer executed securities sales. Eventually, RBC Capital Markets decided to pay the customer $110,000 to resolve this customer’s complaint.

Arbitration Filed By RBC Capital Markets Customer Concerning Anthony Demaio, Unsuitable Bond Trades

Anthony Demaio (CRD#: 1542177, Florham Park, New Jersey) is an ex RBC Capital Markets broker who was the focus of a customer complaint. Supposedly, on November 9, 2017, multiple customers joined together in filing FINRA Arbitration # 17-03007. Primarily, the customers claimed that Anthony Demaio made bad investment recommendations. Apparently, Anthony Demaio was responsible for the recommending the customer’s municipal bond trades. Allegedly, those investments, which the customer held from July 2009 to October 2016, were not suitable. Therefore, the customer alleged $200,000 in damages in this ongoing matter. Evidently, Anthony Demaio worked for RBC Capital Markets from October 2009 to October 2016. Currently, Anthony Demaio is a securities representative of The Jeffrey Matthews Financial Group, L.L.C.

RBC Capital Markets Customer Disputes David McIlroy’s Investment Advice Regarding Puerto Rico Bonds

David William McIlroy (CRD#: 1329993, New York New York) is an RBC Capital Markets general securities representative. According to the FINRA BrokerCheck report for David McIlroy, a customer disputed his sales practices. Specifically, this customer filed FINRA Arbitration #18-00010 dated December 29, 2017. Primarily, the customer claimed that David McIlroy gave the customer poor investment advice regarding Puerto Rico bonds. Allegedly, David McIlroy recommended that the customer hold the Puerto Rico bonds from 2013 to 2017. During this time, the customer supposedly experienced investment losses. As a result, the customer accepted RBC Capital Markets’ payment of $66,000 to resolve the matter. However, this Arbitration settled October 19, 2018 without the firm’s admission of liability.

Customer Brings Complaint Against RBC Capital Markets Regarding Thomas McCracken’s Poor Investment Advice

Thomas Bradley McCracken (CRD#: 3051989, York, Pennsylvania) is another RBC Capital Markets broker who disclosed a customer dispute. Evidently, on January 26, 2018, the customer brought a complaint to the firm’s attention regarding Thomas McCracken’s bond recommendations. Allegedly, the customers stated that they only intended on buying short-term bonds. However, Thomas McCracken advised the customers to buy long-term GNMAs from October 2013 to November 2017. Because of this, the customers claimed to have experienced investment losses. Accordingly, RBC Capital Markets compensated the customers to the tune of $93,383.15 on July 18, 2018. Apparently, Thomas McCracken became a general securities representative at RBC Capital Markets’ York, Pennsylvania offices on April 19, 2012

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If you have experienced losses by investing with RBC Capital Markets brokers Andrew Leonard, Anthony Demaio, David McIlroy or Thomas McCracken, feel free to contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represent clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.