Marion Leopold Leonberger Jr. (also known as Sonny Leonberger), of Louisville, Kentucky, a stockbroker previously registered with American Equity Investment Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages. The claim alleged that Leonberger made unsuitable recommendations in connection with the sale of GWG Class L-bonds between 2018 and 2020 bonds when Leonberger was associated with American Equity Investment Corporation. The bonds stopped paying interest in February 2022, and in April 2022, GWG filed for Chapter 11 bankruptcy. FINRA Arbitration No. 23-00571 (March 8, 2023).
FINRA Public Disclosure shows that Leonberger was referenced in two other customer initiated investment related disputes concerning Leonberger’s conduct while associated with securities broker dealers. On October 24, 2001, a customer filed an investment related complaint involving Leonberger’s conduct in which the customer requested compensation based upon alleged unsuitable advice regarding a rollover of a 401K to a variable annuity.
Also, on October 24, 2001, a customer filed an investment related complaint involving Leonberger’s conduct. The allegations were that Leonberger failed to follow instructions in connection with the sale of mutual funds during the time that Leonberger was associated with American General Securities Incorporated.
Leonberger was associated with American Equity Investment Corporation in Louisville, Kentucky, from February 26, 2003, to December 31, 2021, as a stockbroker.
