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Joseph Anthony Leonczyk with Commonwealth Financial Network Has 4 Customer Complaints for Alleged Broker Misconduct In the Past 2 Years

Who is Joseph A. Leonczyk with Commonwealth Financial Network?

Joseph Leonczyk (CRD #2911492) who is currently registered with Commonwealth Financial Network and located in Ludlow, Massachusetts is a subject of one of our many securities industry sales practice abuse investigations. Prior to Commonwealth Financial Network, Joseph Leonczyk was associated with 3 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Commonwealth Financial Network Broker Misconduct

In his career, Joseph Leonczyk has been the subject of4 customer complaints that we know about, 3 of those complaints were filed in the last year to recover investment losses. Two of those complaints were denied by his employer and to date, the investors have not taken any further action. There are currently 2 pending customer complaints filed against Joseph Leonczyk’s current employer Commonwealth Financial Networkfor investment losses caused by his alleged misconduct.

Allegations Against Joseph Leonczyk

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • The client alleges that an investment corporate debt transaction was unsuitable.
  • The customer alleged a variable annuity investment was unsuitable for her.
  • The customer alleges the purchases in FS Energy and Power and Industrial REIT were unsuitable investments.
  • The customer alleges that purchases of FS Energy and Power and FS KKR for unsuitable investments.

The FS Energy and Power and FS KKR investments were in the speculative business development companies.  Similarly, the Industrial REIT investment was non-traded is illiquid. These alternative investments are oftentimes subject to suitability claims for good reason.

Joseph Leonczyk Red Flags & Your Rights as An Investor

Of course, Joseph Leonczyk did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags that should put all current and former customers of Joseph Leonczyk at Commonwealth Financial Network on alert to review carefully the activity and performance of their accounts and question whether Joseph Leonczykhas engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at Commonwealth Financial Network about Joseph Leonczyk also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses At Commonwealth Financial Network

If you have questions about Commonwealth Financial Network and/or Joseph Leonczyk and the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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