Leo Galanti Embroiled in Investor Dispute Regarding Unsuitable Use of Margin
Leo Galanti (CRD #: 216583), a broker registered with Raymond James Financial Services, is facing an investor allegation over losses that total $1 million, according to his BrokerCheck record, accessed on December 7, 2020. More details about this dispute are provided below.
On October 1, 2020, a client alleged that Leo Galanti made unsuitable use of a margin account. Trading on the margin is a risky investment strategy that requires the investor to borrow funds from their broker. The client is seeking $1,200,000; the dispute is pending.
Leo Galanti has passed the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 1 Registered Representative Examination, and the Series 24 General Securities Principal Examination. He is registered as both a broker and an investment adviser in Florida.
During his 47 years in the securities industry, Mr. Galanti has worked for the following firms:
- Raymond James Financial Services (CRD #: 6694)
- Lincoln National Pension Insurance Company (CRD # : 10293)
- The Lincoln National Life Insurance Company (CRD #: 3978)
- Lincoln Financial Advisors Corporation (CRD #: 3978)
- NML Equity Services (CRD #: 2881)
If Leo Galanti was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for a free case consultation with a securities attorney.