The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Illinois-based National Securities broker Leonard McAbee (CRD# 2066347).
Leonard McAbee has spent 13 years in the securities industry and has been registered with National Securities Corporation in Lombard and Chicago, Illinois since 2011. Previous registrations include Barron Chase Securities in Boca Raton, Florida (1997-2000); H.J. Meyers and Company in Rochester, New York (1996-1997); Merrill Lynch in New York, New York (1995-1996); LC Wegard & Company in New York, New York; and Hibbard Brown & Company in New York, New York. Of Mr. McAbee’s former employers, three have since been expelled by the Financial Industry Regulatory Authority (FINRA): Barron Chase, H.J. Meyers, and Hibbard Brown.
According to his FINRA BrokerCheck report, Leonard McAbee is the subject of one regulatory sanctions, two customer complaints, and two pending customer complaints. He was additionally discharged from his position at HJ Meyers & Company.
In August 2015 a customer alleged Leonard McAbee, while employed at National Securities, breached his fiduciary duty, misrepresented and omitted material facts, and recommended an unsuitable investment in a real estate security. The complaint settled for $17,500, to which Mr. McAbee individually contributed $8,750.
In 2014 a customer alleged Leonard McAbee, while employed at National Securities, engaged in unauthorized trading. The customer is seeking unspecified damages in the pending complaint.
In 2013 a customer alleged Leonard McAbee, while employed at National Securities, committed fraud, breached his fiduciary duty, churned the account, generated excessive commissions, and breached contract. The customer is seeking $400,000 in damages in the pending complaint.
In 2012 the Indiana Office of the Secretary of State Securities Division sanctioned Leonard McAbee following allegations he executed a trade on the direction of a third party, without properly signed power of attorney. Mr. McAbee was fined of $5,000.
In 2011 a customer alleged Leonard McAbee, while employed at National Securities, misrepresented material facts related to an investment and engaged in unauthorized trading. The complaint settled in 2012 for $13,150.
In 1997 Leonard McAbee was discharged from his position at HJ Meyers following allegations he engaged in unauthorized trading.
If you or someone you know has a complaint regarding Leonard McAbee, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.