Settled customer disputes over non-traded REITs fill much of Roberto Leslie's BrokerCheck report. Leslie (CRD 2755940) appears in disputes that name Essex National Securities and Infinex Investments. One, at Infinex, involved an annuity rather than real estate.
Each matter on the report settled. A settlement is not an admission of wrongdoing, and the record includes Leslie's own statements on several of them.
The customers filed this case on June 27, 2024, under docket number 24-01382. The disclosure names Essex National Securities as the firm and reads "Failure to properly allocate and diversify claimants portfolio." They sought $250,000 in damages over non-traded REIT and real estate products.
The claim settled on July 17, 2025 for $117,500. In a statement included with the disclosure, Roberto Leslie wanted it noted that he "was not part of the arbitration process." BrokerCheck lists his individual contribution as $0.00.
A customer filed a claim on September 8, 2022 over a non-traded REIT. The disclosure says the "Rep placed conservative investor into a unsuitable investment." That case, docket 22-01911, sought $100,000 and named Essex National Securities. It settled on May 1, 2023 for $40,000.
A few months earlier, on June 17, 2022, clients filed a claim naming Infinex Investments. Their allegations concerned the recommendation of a Northstar Off-Shore Annuity. Roberto Leslie's report lists alleged damages of $100,000 for docket 22-01367. The case later settled on July 28, 2023 for $150,000.
A non-traded REIT is a real estate investment trust that does not trade on a stock exchange. Investors usually cannot sell shares quickly. Instead, they often wait for the program to list, merge or liquidate, and that can take years.
Sponsors also tend to report share values less often than a listed stock would. Because of that, an investor may not see a decline right away.
When we review a claim like this, we start with the investor's goals and how much of the account sat in illiquid real estate. Several disputes on Roberto Leslie's report raise risk disclosure or liquidity allegations.
A complaint filed on July 13, 2021 alleged that "The rep did not explain the risks of a private REIT." It carried docket 21-01773 and alleged damages of $19,000. The matter settled on December 23, 2021 for $14,999.
Another customer filed on May 14, 2021, under docket 21-01210. The disclosure says the "Representative did not explain the risks associated with a non-traded REIT." That claim sought $100,000 and settled on May 16, 2022 for $75,000.
Leslie's statement on that dispute describes the client as "an experienced REIT investor." It says the client previously owned Healthcare Trust 1, which declined in value before selling at a profit. According to the statement, that success led to the Healthcare Trust 2 investment.
The oldest dispute on Roberto Leslie's report dates to July 12, 2019. The client claimed he "was seeking liquid investments" in that case. The disclosure for docket 19-01836 names Essex National Securities as the firm. It listed alleged damages of $39,240 and settled on December 23, 2020 for $80,000.
FINRA member firms must supervise the activities of their brokers. If you have questions about an account that Roberto Leslie handled, call Soreide Law Group at (888) 760-6552. You can also reach us online to speak with a securities attorney. FINRA arbitration is a national forum, so we represent investors in FINRA arbitration across the country. We handle these claims on a contingency fee basis. Learn how FINRA arbitration works.
This post summarizes public FINRA records, including BrokerCheck, as of October 24, 2026. Allegations in customer complaints and arbitrations are claims, not findings. A settlement is also not an admission of wrongdoing. FINRA may also update or correct these records after that date.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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