Leor Yohanan, of New York, New York, a stockbroker formerly registered with Meyers Associates, L.P., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he did not provide FINRA with a response to an informational request concerning Yohanan’s business activities. Letter No. 2014040349301 (Sept. 21, 2015).
FINRA Public Disclosure reveals that Yohanan has been identified in six customer initiated investment related disputes containing allegations of his misconduct while associated with Meyers Associates, L.P. Particularly, on August 10, 2005, a customer filed an investment related written complaint involving Yohanan’s conduct, in which the customer sought $35,000.00 in damages supported by allegations that Yohanan effected unauthorized equity transactions in the customer’s account, causing the customer to sustain investment losses.
Subsequently, on August 18, 2007, a customer filed an investment related written complaint regarding Yohanan’s activities, where the customer requested $18,012.00 in damages based upon allegations that Yohanan placed over-the-counter equities trades in the customer’s account without authorization. On November 1, 2010, a customer initiated investment related arbitration claim regarding Yohanan’s activities was resolved for $1,200,000.00 in damages based upon allegations that Yohanan made misrepresentations and omissions to the customer, placed transactions in the customer’s account that were not suitable, and churned the customer’s equity portfolio.
Moreover, on November 24, 2010, a customer initiated investment related complaint involving Yohanan’s conduct was settled for $19,690.70 in damages based upon allegations that Yohanan effected stock transactions in the customer’s account that the customer did not authorize. On May 4, 2013, another customer initiated investment related written complaint regarding Yohanan’s activities was resolved for $12,500.00 in damages based upon allegations that Yohanan placed over-the-counter equities trades in the customer’s investment portfolio despite failing to first obtain the customer’s authorization.
Additionally, on May 20, 2015, a customer initiated investment related written complaint regarding Yohanan’s activities was resolved for $5,000.00 in damages based upon allegations against Yohanan of unauthorized trading.
Yohanan’s registration with Meyers Associates, L.P. was terminated as of April 20, 2015. Since October 12, 2000, he has been associated with three different broker dealers, one of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct.
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