Donald Ernest Leitzell of State College, Pennsylvania, a stockbroker registered with J.W. Cole Financial Inc., was the subject of a customer initiated investment related complaint filed on September 8, 2021, in which the customer requested $19,648.00 in damages based upon allegations that Leitzell made unsuitable recommendations of stocks during the time that Leitzell was associated with J.W. Cole Financial Inc. This complaint was denied by the securities broker dealer.
This is not the first time that Leitzell has been referenced in a customer initiated investment related dispute concerning Leitzell’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Leitzell is also referenced in a customer initiated investment related NASD securities arbitration claim that was settled for $100,000.00 in damages based upon allegations that Leitzell made unsuitable recommendations of mutual funds and annuities when Leitzell was associated with Hornor Townsend Kent Inc. NASD Arbitration No. 02-06541 (July 26, 2004).
Leitzell is also referenced in a customer initiated investment related NASD securities arbitration claim that was settled for $28,600.00 in damages based upon allegations that Leitzell made omissions of material fact and made unsuitable recommendations of annuities and mutual funds when Leitzell was associated with Hornor Townsend Kent Inc. FINRA Arbitration No. 05-06651 (May 22, 2007).
Leitzell has been associated with J.W. Cole Financial Inc. as a stockbroker since January 3, 2007, and associated with J.W. Cole Advisors Inc. as an investment advisor representative since February 8, 2017.
