Investors might have sustained losses because of securities broker Leonard Neil Rich [CRD: 375427, Uniondale, New York], according to disclosures on FINRA BrokerCheck. It appears that Leonard Rich has been registered with Joseph Gunnar Co. LLC since February 24, 2003. Keep reading to learn more about the securities broker’s disclosures and what they might mean for investors.
Evidently, a Joseph Gunnar Co. LLC client filed FINRA Arbitration No. 24-01750 about Leonard Rich. The client alleged that the broker completed account opening forms by inputting wrong risk tolerances and investment objectives, and engaged in excessive trading. Because of this, the client allegedly sustained damages on stocks. Therefore, on January 8, 2025, a FINRA Arbitration Panel issued an Award ordering Joseph Gunnar Co. LLC to pay the client $49,433.26 in damages.
Specifically, a client of Joseph Gunnar Co. LLC contested Leonard Rich’s sales practices by filing FINRA Arbitration No. 12-03884. Allegedly, Rich engaged in excessive trading, unsuitable trading, and unauthorized trading. Supposedly Rich caused the client to sustain damages on over-the-counter equities, stocks, and options. Consequently, Joseph Gunnar Co. LLC opted to settle the matter on June 13, 2014, by compensating the client in the amount of $350,000.
Also, a client filed a complaint about Leonard Rich. The client alleged that Rich recommended investments which poorly performed. Because of this, the client allegedly sustained damages on over-the-counter equities. As a result, on October 23, 2009, Joseph Gunnar Co. LLC settled this matter by paying the client $19,500 in damages.
Particularly, a client of a former securities broker dealer contested Leonard Rich’s sales practices by filing NASD Arbitration No. 96-03637. Allegedly, a broker churned accounts, made unsuitable recommendations, engaged in unauthorized trading, and failed to supervise certain representatives. This matter settled for $14,000 in damages.
Seeking more information about Leonard Rich? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Rich and brokerage firms Rich worked for deny any allegations of sales practice violations.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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