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Investigation Into DOUGLAS LEONE of SALOMON WHITNEY FINANCIAL

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10
Jan

Investigation Into DOUGLAS LEONE of SALOMON WHITNEY FINANCIAL

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Investigation Into DOUGLAS LEONE of SALOMON WHITNEY FINANCIAL

Douglas Leone, formerly with Salomon Whitney Financial, Suspended from the Securities Industry

 

Have you lost money with financial advisor Douglas Leone of Melville, New York?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Douglas A. Leone. FINRA seeks to bar Leone from the securities industry after he failed to respond to a FINRA investigation.  FINRA was investigating Leone for allegations that he engaged in excessive trading or churning while he was associated with his former brokerage firm, Salomon Whitney Financial.  Leone was also alleged to have borrowed money from clients, which generally is not allowed in the securities industry.

 

Douglas Leone was a financial advisor and registered representative of Salomon Whitney Financial from March 2013 to March 2017.  He worked at a branch office in Melville, New York.  Douglas Leone has been the subject of at least seven customer complaints, and he also was the subject of a FINRA complaint in 2014 regarding unsuitable sales of exchange traded funds (ETFs) and exchange traded notes (ETNs).

 

Brokerage firms like Salomon Whitney Financial have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

 

Click to view:  Leone, Douglas FINRA Complaint

Click to view:  Leone, Douglas BrokerCheck 1.10.18

 

If you lost money with Douglas Leone or Salomon Whitney Financial, please CONTACT US at 720-599-3505 for a free evaluation of your case.

 

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.

 

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DENVER: (720) 599-3505

SEATTLE: (206) 795-5798


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