Global Financial Services, L.L.C. broker Eduardo Leon Jr. (CRD# 2232647) faces customer complaints related to corporate debt losses. He has been registered with Global Financial Services, L.L.C. in Houston, Texas, since 1994.
In May 2025, FINRA sanctioned him to pay a $7,500 civil and administrative penalty and fine after he consented to the sanctions and to the entry of findings that “he recommended that retail and non-retail customers purchase and hold a volatility-linked exchange-traded note without having a sufficient understanding of its risks and features.” FINRA found that he recommended investments that were not in the best interests of his retail customers. It also found that he ”recommended that the customers purchase a foreign currency denominated corporate bond that was not in the best interests of the retail customers and was not suitable for the non-retail customers, and in amounts that resulted in concentration levels that were inconsistent with the customers’ investment profiles.” He was suspended for four months.
Eduardo Leon Jr. Customer Complaints
He has been the subject of four customer complaints between 2008 and 2023, according to his CRD report. The most recent complaints are regarding:
March 2023. “On March 13, 2023 Global Financial Services, LLC was notified that it had been named as a respondent in a client initiated Arbitration. The client’s claim was for losses due to an allegedly negligent over-purchase in October, 2021 of a Non U.S. Corporate bond, a bond issue which the client had owned several times in the past. Global Financial Services, LLC registered representative Eduardo Leon executed purchase transactions and discussed them with the authorized agent of the client prior to the purchases. The client’s agent authorized Mr. Leon to purchase the bonds up to a certain percentage of the client’s total portfolio value and then subsequently to purchase an incremental amount of the bonds, based on certain market conditions. Mr. Leon mistakenly purchased the incorrect amount. Upon discovery, the client elected to hold the bonds but they went into default in May of 2022. The client sought damages of $198,040. The claim was settled for $ 174,175.” The complaint was regarding corporate debt losses.
March 2022. “On November 15, 2016, the claimant granted written limited trading authority to Mr. Eduardo Leon. On January 19, 2022, exercising his limited trading authority, Mr. Leon invested the claimant’s available cash in a short-duration bond with an S&P bond rating of “b+.” Twenty-one days later, on February 9, 2022, the issuer defaulted. The claimant alleges that a verbal agreement existed whereby Mr. Leon would obtain prior approval to make purchases in the claimant’s account. separately, the claimant alleges that on April 13, 2021, Mr. Leon failed to follow instructions to impose “stop-loss” orders on two securities, resulting in additional losses.” The customer sought $428,771.30 in damages, and the case was settled for $235,000. The complaint was regarding corporate debt losses.
March 2022. “On December 11, 2019, the claimant (who is also a lawyer) granted written limited trading authority to Mr. Eduardo Leon. On January 19, 2022, exercising his limited trading authority, Mr. Leon invested the claimant’s available cash in a short-duration bond with an S&P bond rating of “b+.” Twenty-one days later, on February 9, 2022, the issuer defaulted. The claimant alleges the investment was made without notice or authorization and was inconsistent with claimant’s moderate risk tolerance.” The customer sought $321,179.80 in damages, and the case was settled for $265,943. The complaint was regarding corporate debt losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Global Financial Services, L.L.C. may be liable for investment or other losses suffered by Eduardo Leon Jr.’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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