According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Leonard Rich (Rich), currently associated with Joseph Gunnar & CO. LLC, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Rich concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.
FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $45,700.00 on November 21, 2023.
The client was onboarded in 2018. The client claims the broker Completed Ms. [REDACTED]’s Account Opening Forms by Inputting Incorrect Investment Objectives and Risk Tolerances and engaged in excessive trading, and the firm ignored red flags in regard to these issues.