Founded in 1994, The Leaders Group, Inc. (“TLG”) is one of the top independent broker-dealers in the U.S. In 2021, InvestmentNews ranked TLG as the 4th fastest-growing independent broker dealer by revenue and size. That year, TLG saw a 34% increase in total revenue and a 37% increase in total assets. TLG, which is headquartered in Littleton, Colorado, has 1,500+ retail and wholesale representatives.
TLG’s brokers are licensed in all 50 states as well as the District of Columbia and Puerto Rico.
Financial Misconduct at The Leaders Group, Inc.
TLG is licensed by the Financial Industry Regulatory Authority (FINRA), and as such is legally obligated to ensure its brokers are acting lawfully in the best interest of their customers. If a client suffers losses as a result of negligent behavior or misconduct from a broker, then the firm may be held legally responsible to repay the damages.
Per FINRA’s BrokerCheck report, TLG and brokers backed by TLG have a history of misconduct.
In July 2018, FINRA initiated a claim against TLG finding that from May 2012 through September 2014, the firm engaged in the following sales practice activities:
- Failure to supervise and retain consolidated reports;
- Failure to inspect non-branch offices;
- Failure to document the review and evaluation of outside business activities;
- Failure to determine who required heightened supervision;
- Failure to properly review the suitability of additional contributions to customers’ variable annuities recommended by firm representatives;
- Supervisory deficiencies of variable annuities;
- Email deficiencies;
- Deficiencies concerning public communications; and
- Improper commissions payments.
As a result, TLG was censured and fined by the securities regulators.
Wondering If You Have a Claim? Contact Our Firm Now!
Meyer Wilson reclaimed $350 million for the victims of investment fraud or misconduct. Our attorneys are experienced in going up against the largest investment firms, such as The Leaders Group, Inc., and our track record affirms our resources and expertise. Meyer Wilson has represented clients nationwide and internationally, in state and federal courts, and in securities arbitration. As an investor, you have a right to recover investments lost through unethical behavior or decisions made against your interests.