Leonard Jay Suskind, of Aventura, Florida, a stockbroker currently employed with UBS Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer requested $220,000.00 in damages based upon accusations that between 2013 and 2016, Suskind failed to follow the customer’s instructions to sell a master limited partnership position, and over-concentrated the customer’s investment portfolio in real estate investment trusts and master limited partnership products. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-02000 (Mar. 31, 2017).
FINRA Public Disclosure reveals that Suskind has been referenced in five more customer initiated investment related disputes pertaining to allegations of her sales practice violations while employed with Citigroup Global Markets, Inc., Shearson and Salomon Smith Barney. For example, on January 3, 2002, a customer filed an investment related written complaint involving Suskind’s conduct, in which the customer sought $102,692.34 in damages supported by accusations that Suskind inappropriately allocated the customer’s over-the-counter equities, and failed to abide by the customer’s instructions.
Thereafter, a customer initiated investment related arbitration claim involving Suskind’s conduct was settled for $175,000.00 in damages founded on allegations that Suskind effected unsuitable transactions in the customer’s account and made misrepresentations to the customer in regard to MAT 3 hedge funds. FINRA Arbitration No. 09-06109 (Jan. 24, 2011). Subsequently, a customer initiated investment related arbitration claim regarding Suskind’s activities was resolved for $175,000.00 in damages based upon accusations of suitability and misrepresentation relating to alternative investment purchases executed in the customer’s account. FINRA Arbitration No. 10-01239 (Mar. 30, 2010).
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