Perry De Leeuw, of Duluth, Georgia, a stockbroker formerly registered with PFS Investments Inc., has been named in a customer initiated investment related arbitration claim on December 5, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Leeuw took possession of a customer’s funds in connection with an outside business activity that Leeuw’s firm was not apprised of, and which ultimately caused the customer to suffer financial harm.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Leeuw has been identified in three additional customer initiated investment related disputes containing allegations of Leeuw’s misconduct while employed with PFS Investments. Specifically, on April 13, 2016, a customer filed an investment related written complaint involving Leeuw’s conduct, in which the customer requested $163,350.00 in damages based upon allegations that Leeuw effected an outside business activity involving the use of the customer’s funds, in which Leeuw informed the customer that her funds would not be returned.
Subsequently, on July 13, 2016, a customer initiated investment related complaint regarding Leeuw’s activities was resolved for $28,486.98 in damages based upon allegations that Leeuw made misrepresentations to the customer concerning the features of a variable annuity investment. On November 29, 2016, another customer filed an investment related arbitration claim involving Leeuw’s conduct, in which the customer requested $100,000.00 in damages based upon allegations that Leeuw failed to repay the customer with funds that were invested pursuant to an outside business activity.
On April 27, 2016, Leeuw’s registration with PFS Investments Inc. was terminated based upon allegations that Leeuw engaged in outside business activities in violation of the firm’s policies, and that he did not cooperate in a reasonable fashion in the course of a firm investigation into a customer’s complaint. Leeuw has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to respond to FINRA’s information request. Letter No. 2016049660401 (Sept. 20, 2016).
Guiliano Law Group
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