Leonard Charles Kinsman of Staten Island New York a stockbroker currently registered with Wells Fargo Advisors Financial Networks LLC is the subject of a customer initiated investment related written complaint which was settled for $24,000.00 on February 22, 2017 founded on allegations that the customer was provided false or misleading information concerning the principal protection features and the guaranteed returns for a variable annuity purchased by the customer during the time Kinsman was associated with Wells Fargo.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Kinsman is referenced in three more customer initiated investment related disputes containing accusations of his violative conduct during the time that he was associated with Royal Hutton Securities and Citigroup Global Markets Inc. In particular, a customer initiated investment related arbitration claim concerning Kinsman’s conduct was resolved for $180,000.00 in damages based upon allegations that while Kinsman was associated with Royal Hutton Securities, the customer incurred unwarranted losses on the over-the-counter equities held in the customers investment portfolio. National Association of Securities Dealers (NASD) Arbitration No. 98-01165.
Then, on December 13, 2008, a customer initiated investment related complaint regarding Kinsman’s activities was settled for $200,626.00 in damages supported by accusations that inappropriate auction rate securities transactions were effected in the customer’s account while Kinsman was employed by Citigroup Global Markets Inc. Subsequently, on May 17, 2016, a customer filed an investment related arbitration claim regarding Kinsman’s conduct in which the customer requested $50,000.00 in damages founded on allegations that while Kinsman was associated with Wells Fargo Advisors, LLC, misrepresentations and unsuitable investment recommendations had been made to the customer concerning securities products. FINRA Arbitration No. 16-01381 (May 17, 2016).
Kinsman has been registered with Wells Fargo Advisors Financial Network LLC since June 25, 2014.
