Leavitt F. Sanders, of West Point, Georgia, a stockbroker formerly registered with Triad Advisors, Inc., was named in a customer initiated investment related arbitration claim on August 15, 2016, in which the customers requested $3,835,000.00 in damages based upon allegations that Sanders effected an investment strategy for customers which was not suitable. From December 15, 2015, through May 16, 2016, Sanders was named in four additional customer initiated investment related arbitration claims, in which customers requested over $500,000.00 in damages in the aggregate based upon allegations that Sanders misrepresented facts to customers concerning investments, and effected unsuitable transactions. Since April 13, 2015, Sanders has been named in a forty two customer initiated investment related arbitration claims containing similar allegations.
FINRA Public Disclosure also reveals that Sanders has settled a number of customer initiated investment related arbitration claims between June 4, 2009, and September 15, 2015. Particularly, Sanders has settled customer initiated investment related arbitration claims in which he was alleged on numerous occasions to have breached his fiduciary duty to customers, and made misrepresentations and unsuitable recommendations concerning investment strategies. Other allegations against Sanders asserted in the aforementioned arbitration claims include mismanagement of the customers’ accounts, unauthorized use of margin, day-trading, excessive trading of customer accounts, failure to diversify customer assets, and failure to follow instructions to liquidate investment accounts.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
