Losses Caused by LEEB Brokerage Services, Inc.
| November 19, 2019
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LEEB Brokerage Services based out of New York is no longer registered by the Financial Industry Regulatory Authority (FINRA). LEEB was registered in March of 1999 but its registration was terminated in July of 2007.
LEEB Brokerage Services also operates under the names:
- Fine Equities
- Paravane Partners, LLC
LEEB Brokerage Services commonly refers customers to other brokers and dealers, specifically, National Financial Services LLC, Legent Clearing, and Correspondent Services Corporation.
LEEB Brokerage Services Investment & Broker Misconduct
LEEB Brokerage has been the subject of one formal regulatory event and one formal arbitration. In 2003, LEEB Brokerage Services was fined $22,500 by FINRA (then “NASD”) for violating SEC and NASD rules such as failure to report, permitting employment of un-fingerprinted individuals, and failure to disclose investment information.
In 2009, LEEB Brokerage Services was involved in securities arbitration and was required to pay $450,000 to an investor for the following:
Recover Your Investment Losses
If you invested with LEEB Brokerage Services or one of its brokers and you lost a substantial amount of money, contact an investor loss lawyer at Meyer Wilson. Our firm has recovered hundreds of millions of dollars for defrauded investors. We handle cases in state and federal court, through FINRA arbitration, mediation, and other avenues. To learn more about how we can help, contact Meyer Wilson today.