Published on:

Broker Leigh Garber named in FINRA Complaint

Leigh GarberBased on publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on February 22nd, 2016, New York-based National Securities and Adirondack Trading Group broker Leigh Garber is the subject of a pending regulatory complaint. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct related to Ms. Garber (CRD# 2768572).

Leigh Garber has spent seventeen years in the securities industry and has been registered with National Securities and Adirondack Trading Group in New Woodstock, New York since 2016 and 2010, respectively. Previous registrations include: Clayton Lowell & Conger in New Woodstock, New York (1998-2015); Newbridge Securities Corporation in New Woodstock, New York (2015); and IBN Financial Services in Liverpool, New York (2003). She is a registered broker in eleven US states: California, Connecticut, Indiana, Maine, Massachusetts, New Hampshire, New Mexico, New York, Ohio, Rhode Island, and Texas.

According to her BrokerCheck report, Leigh Garber is the subject of one regulatory sanction and one pending regulatory complaint.

In January 2016 Leigh Garber was named respondent in a FINRA complaint alleging she failed to supervise the activities of two representatives at her member firm, Ridgeway & Conger, who sold an unregistered security, consisting of “interest-only strips from loans issued by the United States Small Business Association (SBA) meant only for Qualified Institutional Buyers (QIBs) to individual retail investors at undisclosed markups of 14-33 percent using general solicitation emails that fraudulently misrepresented the product and the respondents’ role in its development.” According to FINRA’s complaint, Ms. Garber signed trade tickets approving the markups, and failed to establish and maintain supervisory procedures for the firm’s sale of such securities. The action remains pending.

In 2005 the National Association of Securities (NASD) sanctioned Leigh Garber following allegations she allowed an individual to maintain his securities license with their member firm, Ridgeway & Conger and Clayton Howell & Conger, although he was not actively involved with its investment banking or securities business. Ms. Garber was censured and issued a fine of $5,000.

If you or someone you know has complaints regarding Leigh Garber, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.