According to Joseph Leonczyk’s FINRA Brokercheck page, under review by attorney Alan Rosca, two customer dispute disclosures allege unsuitable energy investment recommendations.
Investor rights attorney Alan Rosca of the Rosca Scarlato LLC law firm is investigating activity related to Joseph Leonczyk’s customer disputes alleging unsuitable recommendations.
Investors who are concerned about their investment with Joseph Leonczyk may contact attorney Alan Rosca for a free case evaluation and discussion of recovery options, or to provide any useful information. Call 888-998-0530, via email at arosca@rscounsel.law, or send a message through the contact form on this webpage.
Two Customer Dispute Disclosures Related to Joseph Leonczyk Request Over $150,000 in Alleged Damages
One customer dispute filed with FINRA on September 10, 2020 alleges purchases of FS Energy and Industrial REIT were unsuitable. The customer is seeking $65,000 for the alleged damages as shown on Leonczyk’s FINRA Brokercheck page.
Another customer dispute filed a dispute on September 4, 2020 alleging that “purchases of FS Energy and Power and FS KKR were unsuitable”. The customer is seeking $100,000 for the alleged damages , as reported on his FINRA Brokercheck page.
Concerned about investments with
What Investors Should Know About FS Energy Investments
FS Energy and Power Fund (FSEP) is a non-traded business development company that invests in the debt private U.S. energy and power companies. FSEP is designed to provide investors with access to alternative asset classes that are typically only available to big institutional investors.
Non-traded companies are sometimes associated with reduced oversight of their sales of unregistered securities, in addition to high sales commissions and due diligence fees that could give brokers an incentive to sell the product to customers who may not understand the inherent risk of the product or may have an investment profile that could make such products unsuitable to them. Those incentives could sometimes cause some brokers to not fully analyze the customer’s finances before making the recommendation. No allegations of misconduct are being made as to FSEP.
It is important to note that investment professionals have a duty to only recommend suitable investments to their customers based on the customer’s investor profile. To determine whether a product is suitable, the broker must first conduct adequate due diligence in accordance with the investment and have a reasonable basis to recommend it.
Investors who are concerned about their investment in products that might be qualified as high risk are encouraged to contact attorney Alan Rosca for a free consultation and discussion of recovery options, or to provide any useful information. Call 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
Concerned about investments with
Joseph Leonczyk Has Been Registered with FINRA Since 1997
According to Leonczyk’s FINRA Brokercheck page, he has been registered with FINRA for 23 years and switched employers four times. He is currently employed with Commonwealth Financial Network with office located in Ludlow, Massachusetts and he has been registered with this firm since March 2002.
Leonczyk was first employed with The Equitable Life Assurance Society of the United States located in New York, New York from August 1997 until August 1999. He was also employed with EQ Financial Consultants located in New York, New York from August 1997 until August 1999.
He then switched to Commonwealth Financial Network located in Waltham, Massachusetts from July 1999 until December 2001. About a year later he joined to Primevest Financial Services located in St. Cloud, Minnesota from January 2002 until March 2002.
Finally, 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.
Invested with Joseph Leonczyk? Securities Lawyers Investigating
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Joseph Leonczyk’s customer dispute disclosures alleging unsuitable energy investment recommendations.
The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who are concerned about their investment with Joseph Anthony Leonczyk may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.