Investment Loss Options for Clients of Former PFS Investments Inc. Broker Perry Leeuw
Posted on Monday, October 4th, 2021 at 11:32 pm
Were you the victim of former PFS Investments Inc. broker Perry Leeuw (CRD# 4792703)? Leeuw has been registered with PFS Investments Inc. in Duluth, Georgia from 2004 to 2016, when he was terminated regarding “Information Indicated That Agent Was Engaged In An Unapproved Outside Business Activity And The Agent Failed To Adequately Cooperate During A Review Of A Related Complaint. (See Finra Disclosure Occurence No. 1880273).”
In September 2019, FINRA suspended Leeuw after he “failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.”
In June 2016, FINRA barred Leeuw after he failed to respond to FINRA request for information.
Leeuw has been the subject of six customer complaints between 2016 and 2021, according to his CRD report:
May 2021. “Customer alleges she gave mr. De leeuw money to invest in outside businesses which were not disclosed to the firm.” The customer is seeking $152,715 in damages and the case is currently pending.
May 2017. “Customers allege they gave mr. De leeuw money to invest in outside businesses which were not disclosed to the firm.” The customer sought $600,000 in damages and the case was settled for $295,000.
May 2017. “Customers allege they gave Mr. Deleeuw money to invest in an outside business which was not disclosed to the firm.” The customer sought $250,000 in damages and the case was settled for $100,000.
November 2016. “Non-customer alleges she gave Mr. DeLeeuw $100,000 to invest in an outside business and she was not repaid. The outside business was not disclosed to the firm.” The customer sought $100,000 in damages and the case was settled for $40,000.
June 2016. “Customer alleged mr. Deleeuw misrepresented features of products the customer purchase.” The customer sought $64,476.26 in damages and the case was settled for $28,486.98. The complaint is regarding variable annuities.
April 2016. “Complainant alleges that in mid-2015, she gave perry de leeuw funds for investment in and to become a distributor for a company called waterbos. Complainant further alleges that de leeuw informed her in mid-march 2016 that she would not receive products for distribution or a return of her funds.” The customer sought $163,350 in damages and the case was settled for $100,000. The complaint is regarding outside business activities.
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, PFS Investments Inc. may be liable for investment or other losses suffered by Leeuw’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.