Carlos Leston (also known as Jose C. Leston and Jose Carlos Leston), a previously registered broker and investment adviser in Weehawken, was reportedly barred by FINRA in connection with refusing to provide requested information, according to his Brokercheck Report.
Rosca Scarlato LLC attorney Alan Rosca and his colleagues are investigating the circumstances surrounding Leston’s FINRA sanction. Investors who are concerned about their investments with Carlos Leston may contact Alan Rosca for a free case evaluation or to provide any helpful information by calling 888-998-0530 toll free, emailing arosca@rscounsel.law, or through the contact form found on our webpage.
Carlos Leston Barred by FINRA in All Capacities
According to a Letter of Acceptance, Waiver, and Consent (“AWC”), without admitting or denying FINRA’s findings, Carlos Leston agreed to being permanently barred from associating with any FINRA member in all capacities.
FINRA’s sanction follows its investigation allegedly prompted by a tip, the AWC indicates.
The AWC further reveals that on September 30, 2022, Leston’s former employer, LPL Financial, filed a Uniform Termination Notice for Securities Industry Registration (Form U5) reporting Leston’s voluntary termination allegedly following LPL’s internal review of Leston’s participation in transactions involving senior customers.
Leston is Subject to A Customer Dispute Disclosure
A customer dispute disclosure reportedly received in June of 2023, alleged fraudulent inducement to enter into promissory note purchases made away from the firm in a company called Avanza Group LLC, between 2019 to 2021. $850,000 was requested in alleged damages.
Carlos Leston Had Been a Registered Broker Since 1998
According to his Brokercheck, Carlos Leston most recently was registered as a broker with LPL Financial LLC, located in Weehawken, New Jersey, from 2008 to 2022. From 2006 to 2008, Leston was reportedly a broker with PNC Investments, in West New York, New Jersey. Leston allegedly served as a broker with Wall Street Access, in New York, New York, from 2000 to 2004.
Concerned about investments with
Potential Compensation May Be Available for Concerned Leston Investors
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and is currently investigating circumstances surrounding previously registered broker and investment adviser Carlos Leston’s FINRA bar and alleged selling of promissory notes away from the firm.
Rosca Scarlato LLC law firm typically represents clients on a contingency fee basis. This means that it advances the case costs and expenses, and fees are only paid from any compensation retrieved for clients. Attorney Alan Rosca, an investment lawyer and former adjunct professor of securities regulation, has over 14 years of experience representing investors in cases alleging broker misconduct.
Investors who are concerned about their investments with Carlos Leston may contact attorney Alan Rosca for a free no-obligation consultation by calling toll-free 888-998-0530, via email at arosca@rscounsel.law, or through the contact form provided on our webpage.
It is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any Brokercheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog and are the governing materials in case of any inconsistencies or typos in this blog. Readers should note that sometimes brokers may be able to expunge past customer complaints from their Brokercheck record, such that complaints referenced as of the date of this blog may not necessarily be reflected in future versions of the Brokercheck record. While the customer complaints mentioned in the Brokercheck report allege misconduct by Jose C. Leston, the Brokercheck report does not appear to indicate whether he was a named party to those customer complaints, or the customers took action solely against the broker-dealer firm(s) that employed him at the time of the alleged conduct. Readers interested to learn more are encouraged to read the Brokercheck report or contact the Rosca Scarlato investor lawyers.
