Call Now For a Free Consultation:
(614) 502-6165

Meyer Wilson Investigating Claims Against Former Broker Leonard Allen Goldberg

Former broker Leonard Allen Goldberg has submitted an Offer of Settlement with the Financial Industry Regulatory Authority (FINRA) after allegations of investment fraud and misconduct.

Goldberg entered the securities industry in 1972 when he first became registered as a General Securities Representative. From 2007 to 2010, Goldberg was registered with J.P. Turner & Company, the firm that terminated him after an internal review and allegations of mutual fund switching activity in the accounts of his clients.

After his time at J.P. Turner, Goldberg was registered with Newport Coast Securities Inc. In December of 2014, the firm filed a Form U5 to terminate him from the firm based on alleged failure to follow policies and procedures.

FINRA alleges that from 2007 to 2014, Goldberg’s alleged misconduct resulted in five customers losing more than $123,600 while making over $77,900 in revenue for himself and the firms. The alleged action includes using discretion without client authorization in connection with 300 Exchange Traded Fund and mutual fund transactions.

In 1986, he was fined $25,000 by the New York Stock Exchange and suspended after allegations of misconduct in a similar manner to current proceedings.

Other accusations include forged documents and providing incorrect account information. As a result, FINRA has ordered that Goldberg be permanently barred from associating with any FINRA member in all capacities.If you invested and lost money with former broker Leonard Allen Goldberg, speak with our team to determine if you may be able to recover your losses. Call us today for your free consultation and learn what options you may have.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram