Leigh Eran Einhorn (also known as Lee Einhorn) of West Caldwell, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related complaint that was settled on April 14, 2023, to resolve allegations that Einhorn made omissions of material fact and made unsuitable investment recommendations of mutual funds when Einhorn was associated with Wells Fargo Clearing Services LLC.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Einhorn is referenced in four other customer initiated investment related disputes concerning Einhorn’s conduct while associated with securities broker dealers, including Wells Fargo Clearing Services LLC. On December 11, 2015, a customer filed an investment related complaint involving Einhorn’s conduct in which the customer requested compensation based upon allegations that Einhorn made unsuitable recommendations and had charged excessive fees in connection with the sale of variable annuities. The complaint alleges that Einhorn’s recommendations were inconsistent with the customer’s risk tolerance. The securities broker dealer denied the customer’s complaint.
Einhorn was also referenced in a customer initiated investment related complaint that was settled on July 21, 2017, to resolve allegations that in an IRA, Einhorn failed to invest retirement account funds into a similar account, resulting in tax consequences to the customer.
On December 21, 2022, another customer filed an investment related FINRA securities arbitration claim involving Einhorn’s conduct in which the customer requested $75,000.00 in damages based upon allegations that Einhorn made unsuitable investment recommendations to the customer. FINRA Arbitration No. 22-02892.
Einhorn has been registered with Wells Fargo Clearing Services LLC as a stockbroker since October 1, 2000, and as an investment advisor representative since January 6, 2004.
