Leon Paul Rehak, of Fort Lauderdale, Florida, a stockbroker formerly registered with Raymond James & Associates, Inc., is the subject of a customer initiated investment related arbitration claim on October 12, 2017, in which the customer requested $499,000.00 in damages founded on allegations that from May 3, 2011 to September 29, 2017, the customer’s account was excessively traded and negligently serviced; unsuitable investments were effected; fiduciary duties were breached; facts concerning investment transactions had been misrepresented; and the customer was defrauded. FINRA Arbitration No. 17-02750 (Oct. 12, 2017).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on November 1, 2016, another customer filed an investment related arbitration claim involving Rehak’s conduct, in which the customer requested $600,000.00 in damages based upon allegations of deceptive sales practices, negligence, breach of contract, suitability, breach of fiduciary duty, unauthorized trading, churning, excessive trading, and securities fraud pertaining to the customer’s investment transactions. FINRA Arbitration No. 16-03193 (Nov. 1, 2016).
Rehak’s employment with Raymond James & Associates, Inc. has been terminated as of October 18, 2016. Since October 13, 2016, he has been employed with LPL Financial LLC.
Guiliano Law Group
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