The investment fraud lawyers at Meyer Wilson are investigating a case regarding broker
FINRA's records indicate that Yurovsky has two reported disclosure events – an investigation
and a customer dispute. The investigation was initiated by the Arkansas
Securities Department in response to the customer complaint.
This customer complaint, which was received on April 16, 2013, relates
to activities while Yurovsky was employed at
John Thomas Financial. The customers allege
Currently, Yurovsky is listed as employed with
National Securities Corporation. Yurovsky has been registered with 12 different firms total since 2002.
Most recently –
John Thomas Financial from September 2010 to June 2013
Laidlaw & Company (UK) from May 2010 to August 2010
Gunnallen Financial from May 2009 to March 2010
The consent order, issued on December 16, 2014 by the Arkansas Securities Department, detailed
two conclusions the Department arrived at:
Yurovsky violated Rule 308.01(d) by selling non-traditional
exchange traded funds (ETFs) and holding his clients' funds in the account for a longer than recommended period.
- Yurovsky violated Rule 308.01(e) by making trades for his clients at a
rate more frequent than what was recommended for that type of account.
The consent order states that Yurovsky has agreed to pay a settlement of
$55,000 in order to avoid litigation. The money will be paid in monthly
installments of $5,000 minimum starting January 16th of next year. The total settlement must be paid in full on or before August
31 of the same year. The Arkansas Securities Department also ordered his
employing firm, currently National Securities Corporation, to supervise
his activities more heavily for the next year.
For more information about exchange traded funds (ETFs), view some of our
blogs on the topic:
Investors who have suffered losses from unsuitability or misrepresentation,
specifically in relation to non-traditional ETFs, may be able to recover
their losses. The attorneys at Meyer Wilson know how to secure results
for their clients. In fact, in 2014 alone, the firm recovered more than
$29 million. If Leonid Yurovsky was your broker and you lost money, contact
Meyer Wilson today for a