Perry De Leeuw of Duluth Georgia a stockbroker formerly registered with PFS Investments Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages based upon allegations that the customer sustained losses on money provided to Leeuw for an outside business investment that Leeuw supposedly concealed from PFS Investments Inc. FINRA Arbitration No. 17-01110 (May 18, 2018).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Leeuw is referenced in four additional customer initiated investment related disputes pertaining to accusations of his misconduct during the time that he was associated with PFS Investments Inc. In particular, on July 13, 2016, a customer initiated investment related complaint involving Leeuw’s conduct was settled for $28,486.98 in damages supported by allegations that misrepresentations had been made by Leeuw concerning the terms and conditions of the customer’s annuity investment.
On February 7, 2017, another customer initiated investment related complaint concerning Leeuw’s activities was resolved for $100,000.00 in damages founded on accusations that Leeuw was provided funds from the customer for an investment and distribution relationship concerning a company, Waterbos, but the customer was later informed that her funds placed in the outside business would not be returned to her. Then, a customer initiated investment related arbitration claim concerning Leeuw’s conduct was settled for $40,000.00 in damages based upon allegations that the customer never received a return of an investment that Leeuw made with the customer outside the auspices of PFS Investments Inc. FINRA Arbitration No. 16-03358 (Mar. 15, 2017).
Moreover, Leeuw is referenced in a customer initiated investment related arbitration claim in which customers requested $600,000.00 in damages supported by accusations of Leeuw’s receipt of customers’ funds for an outside business in which the customers sustained losses. FINRA Arbitration No. 17-01065 (May 19, 2017).
FINRA Public Disclosure also confirms that Leeuw has been barred from associating with any FINRA member in any capacity founded on allegations that Leeuw neglected to respond to FINRA’s information potentially concerning Leeuw’s discharge from PFS Investments Inc. Specifically, Leeuw was discharged by PFS Investments Inc. on April 27, 2016 based upon accusations of Leeuw’s involvement in outside business activities which Leeuw failed to disclose to the firm; and Leeuw’s failure to be cooperative while under an investigation by the firm.
FINRA initially suspended Leeuw on July 11, 2016 for Leeuw’s failure to respond to the regulator’s request for information. At that time, Leeuw was reportedly notified that his failure to cooperate with FINRA’s request, or Leeuw’s failure to seek the termination of his suspension, could result in Leeuw being barred from the securities industry. Evidently, Leeuw failed to cooperate by the deadline.
