Leonard Marzocco Woodstock Financial Investment Losses?
Summary
According to an October 2021 FINRA Letter of Acceptance, Waiver and Consent, Marzocco excessive and unsuitably traded the account of one customer between June and December 2019. FINRA arbitrations will generally be successful in an excessive trading or “churning” claim if a customer can prove two case facts. The turnover ratio measures level of activity and is calculated based on total annual purchases divided by the average balance in the brokerage account during a year. His previous registrations as a broker include: According a July 2020 FINRA Letter of Acceptance, Waiver and Consent, Marzocco excessively traded three customer accounts between November 2015 and December 2017. Former customers of Leonard Marzocco with investment losses exceeding $100,000, and those with information about how he handled accounts, is encouraged to contact Lawrence L. Klayman, Esq.