According to a Disciplinary Proceeding with the Financial Industry Regulatory Authority (FINRA), Leslie Markus Jr., a former registered broker with Ameriprise, allegedly made 11 unauthorized mutual fund purchases in a customer’s account on a single day. He also allegedly entered a false note in his firm’s “client notes” system to make it appear that he had spoken with the customer prior to the purchases, when, in fact, he had not, and he also entered a note that he had a “mandate” to make the purchases, when he did not. He also alleged that he had “time and price discretion” in the customer’s account, when he did not. These are all against securities laws.
According to FINRA records, Mr. Markus was previously registered with Guardian Investor Services Corp in New York, New York from February 1996 until April 1997, Tower Square Securities in El Segundo, California from April 1997 until August 1999, American Capital Corp in Valley Forge, Pennsylvania from July 1999 until November 2011, Multi-Financial Securities Corp in North East, Maryland from November 2001 until September 2006, Cadaret, Grant & Co. in Syracuse, New York from September 2006 until May 2012 and Ameriprise Financial Services in Center Valley, Pennsylvania from May 2012 until September 2015. He is currently registered with Lincoln Investment in Bethlehem, Pennsylvania and has been since September 2015. He has one customer dispute against him alleging misrepresentation in the solicitation of a variable annuity.
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