Leonard Fox Barred From Securities Industry By FINRA

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Leonard Fox Barred From Securities Industry By FINRA

FINRA barred former FSC Securities Corporation broker Leonard Fox from acting as a broker or otherwise associating with firms that sell securities to the public. His BrokerCheck report shows that Fox has been the subject of four customer complaints and two regulatory actions.

FINRA brought a regulatory action against Fox in August 2016, alleging that Fox borrowed and misappropriated funds from a firm customer. The regulator also accused Fox of borrowing customer funds in May 2012 when it alleged that he borrowed $10,000 from a client and suspended him for ten days.

According to BrokerCheck records, Leonard Fox has disclosed outside business activities listed as including Fox Wealth Management Group, LLC.  Sometimes, brokers sell promissory notes and other investments through outside businesses as accountants, attorneys, real estate brokers, or insurance agents to clients of those side businesses.

Fox entered the securities industry in 1982.  Throughout his career, he spent stints registered with First Jersey Securities, Inc.; Merrill Lynch, Pierce, Fenner & Smith, Incorporated; Janney Montgomery Scott LLC; Morgan Stanley DW Inc.; Morgan Stanley & Co. Incorporated; Morgan Stanley; and FSC Securities Corporation.

If you or someone you know has lost money as a result of an investment or Ponzi scheme, please contact Richard Frankowski at 888-741-7503 to discuss your potential legal remedies or complete the contact form.

By |October 31st, 2016|Legal Matters|

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