Published on:

Jonathan Legg Has Customer Complaints

 Jonathan LeggPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 20, 2016 indicate that DC-based Morgan Stanley broker/adviser Jonathan Legg has received customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Legg (CRD# 2123916).

Jonathan Legg has spent 23 years in the securities industry and has been registered with Morgan Stanley in Washington, DC since 2009. Previous registrations include Morgan Stanley & Company in Washington, DC; Morgan Stanley DW in Washington, DC; Friedman Billings Ramsey & Company in Arlington, Virginia; and Legg Mason Wood Walker in Baltimore, Maryland. He is a registered broker and investment adviser with 44 US states and territories.

According to his BrokerCheck report, Jonathan Legg has been the subject of eight customer complaints.

In 2000, a customer alleged Jonathan Legg, while employed at Friedman Billings Ramsey & Company, engaged in fraudulent sales practices, breached various duties, and executed unauthorized purchases. The complaint settled in 2001 for $225,000.

In 1999, a customer alleged Jonathan Legg, while employed at Legg Mason Wood Walker, engaged in unauthorized trading, recommended unsuitable investments, effected excessive transactions, acted negligently, breached his fiduciary duty, breached contract, and violated federal and state securities laws. The complaint settled in 2000 for $43,000.

In 1999, a customer alleged Jonathan Legg, while employed at Friedman Billings Ramsey & Company, beached his fiduciary duty, executed unauthorized trades, made unsuitable investment recommendations, churned the account, committed fraud, acted negligently, and breached contract. The complaint settled in 2000 for $1,150,000.

In 1998, a customer alleged Jonathan Legg, while employed at Friedman Billings Ramsey & Company, executed unauthorized purchases. The complaint settled in 2000 for $15,000.

In 1999, a customer alleged Jonathan Legg, while employed at Friedman Billings Ramsey & Company, executed a transaction without permission. The complaint settled for $34,200.

In 1998, a customer alleged Jonathan Legg, while employed at Friedman Billings Ramsey & Company, purchased stock without authorization. The complaint settled in 2001 for $190,175.

In 1998, a customer alleged Jonathan Legg, while employed at Friedman Billings Ramsey & Company, committed fraud, breached his fiduciary duty, misrepresented material facts related to an investment, acted negligently, breached contract, and made unsuitable investment recommendations. The complaint settled in 2000 for $290,000.

In 1998, a customer alleged Jonathan Legg, while employed at Friedman Billings Ramsey & Company, mismanaged the account and sold unsuitable investments. The complaint settled in 2001 for $200,000.

If you have lost money investing with Jonathan Legg, you may be able to collect a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your claim, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.