Did you lose money with John Leonard, a broker with Wells Fargo? If so, the attorneys at Stoltmann Law Offices are interested in speaking with you about possibly recovering those losses.
John Leonard was accused of over-weighting an account of a customer in energy MLP holdings. He also allegedly made unsuitable investment recommendations to clients. These are against securities rules and regulations. Over-weighing an account in energy holdings is risky. Most energy securities, along with oil and gas securities, are not suitable for all investors. A broker must take into account a customer’s age, net worth and investment objectives before recommending, selling or concentrating securities in energy, oil and gas stocks. If he does not, his investment firm can be held liable for losses.
John Leonard was registered with A.G. Edwards & Sons in Toledo, Ohio from February 1991 until January 2008. He is currently registered with Wells Fargo in Toledo and has been since January 2008. He has four customer disputes against him, three of which are currently pending, according to his FINRA BrokerCheck report.