Broker Investigation: Leslie Goldstein

Leslie Goldstein (CRD#: 1300590) is a registered financial advisor who has been with Securities America, Inc. in Park Ridge, Illinois since 2014. He was previously employed by Sigma Financial Corp. between 2001 and 2014.

Broker Negligence

In July of this year, Goldstein was accused of recommending unsuitable investments to his customers. Goldstein’s BrokerCheck record shows a customer complaint alleging he concentrated their accounts in illiquid investments, annuities, life insurance, and unsuitable non-traded REITs. The complaint also alleges the broker was negligent and in breach of his fiduciary duty for churning and taking excessive commissions.

Goldstein’s CRD report also shows two other customer complaints since 1987. In 1990, he was suspended by the National Association of Securities Dealers, Inc. and fined $50,000.

FINRA has strict rules stating member firms have a responsibility to supervise their broker’s activities. As a result, Goldstein’s employer, Securities America may also face liability.

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