RedFlags, Allegations and Complaints against ANDREW JAMES LEICHT
Disclosure #1 for ANDREW LEICHT
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- eventDate: 10/26/2004
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Denied
- Disclosure Detail :: Allegations: THE CLIENT ALLEGES I TRANSFERRED HIS ANNUITY FUNDS FROM MONUMENTAL LIFE INSURANCE COMPANY TO AMERICAN EXPRESS FINANCIAL ADVISORS WITHOUT HIS CONSENT. THE CLIENT ALLEGES A LOSS OF APPROXIMATELY $54,000.00. FURTHER, THE CLIENT ALLEGES UNCLEAR DAMAGES FROM TAX IMPLICATIONS.
- Damage Amount Requested: $54,000.00
- Arbitration Docket Number:
- Broker Comment: DURING OUR REVIEW, THE CLIENT SIGNED AN AFFIDAVIT OF FORGERY STATING THE SIGATURE ON THE FORM REQUESTING THE ANNUITY TRANSFER WAS NOT HIS. THE FIRM BELIEVES THE SIGNATURE MAY HAVE BEEN FORGED HOWEVER, I DENY INVOLVEMENT IN THE FORGERY AND THE FIRM COULD NOT DETERMINE WHO MAY HAVE DONE THE FORGERY. THE FIRM FOUND DOCUMENTATION FROM THE THIRD PARTY FROM NOTIFYING THE CLIENT THEY RECEIVED A TRANSFER REQUEST AND WOULD TAKE ACTION ONLY WITH THE CLIENT’S AUTHORIZATION ON THEIR PROVIDED FORM; THE CLIENT AUTHORIZED THE TRANSFER. TAX IMPLICATIONS WERE DUE TO INCORRECT TAX FILING BY THE CLIENT. THE FIRM FOUND NO JUSTIFICATION FOR SETTLEMENT WITH THE CLIENT OR WRONGDOING ON MY PART.
Should I file a FINRA complaint against brokers like ANDREW JAMES LEICHT?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
Update – 2022.11.15If you have suffered investment losses that may have been caused by ANDREW JAMES LEICHT’s negligence or fraud, contact a FINRA lawyer today. Most FINRA lawyers work on a contingency fee basis, meaning that you will not be charged for their services unless they successfully collect money for you. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today!
Frequently Asked Questions About ANDREW JAMES LEICHT
What is ANDREW LEICHT’s Central Registration Depository (CRD) Number?
Which firm is ANDREW JAMES LEICHT associated with?
LPL FINANCIAL LLC
Where is ANDREW LEICHT located?
900 LANIDEX PLAZA #110, PARSIPPANY, NJ, 7054
Where can I find more details about ANDREW LEICHT’s Investment Firm?
Visit https://brokercheck.finra.org/firm/summary/6413 to read a detailed report for LPL FINANCIAL LLC
Are there any disclosures, allegations or complaints filed against ANDREW JAMES LEICHT?
Where can I download a detailed FINRA report for ANDREW LEICHT?
Is it safe to do business with ANDREW JAMES LEICHT?
We’re not sure. Please research ANDREW LEICHT’s disclosures, allegations and complaints before taking a decision
Originally reported on November 16, 2022 @ 12:45 am
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