Barbara Elizabeth Leonard, of Houston, Texas, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on April 16, 2024. The customer requested $125,000.00 in damages, based on allegations that she made the unsuitable investment recommendations of direct investments, including DPP and LP interests through Leonard at Avantax Investment Services and LPL Financial LLC. As of October 7, 2024, the matter is pending. FINRA Arbitration No. 24-00614.
According to FINRA Public Disclosure, Leonard was the subject of a customer initiated investment related complaint filed on June 4, 2021. The customer requested $25,357.88 in damages based on allegations that Leonard omitted material facts regarding the purchase of a variable annuity, including surrender fees and risks. On July 13, 2021, LPL Financial denied the customer’s complaint.
Since December 12, 2018, Leonard has been associated with LPL Financial LLC as both a stockbroker and investment advisor representative. She has also been associated with Private Advisor Group LLC since July 25, 2024.
