Leonard Joseph Marzocco (Lenny Marzocco) – Financial Advisor/Broker Lenny Marzocco Suspended from the Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Leonard Joseph Marzocco (Lenny Marzocco) CRD #3106494
Lenny Marzocco was a previously licensed financial advisor/broker with Woodstock Financial Group, Inc., First Standard Financial Company LLC, and Spartan Capital Securities, LLC. FINRA reports that Lenny Marzocco was suspended from the securities industry for 11 months in July 2020.
According to FINRA:
Lenny Marzocco consented to the sanctions and to the entry of findings that Marzocco engaged in quantitatively unsuitable trading in customer accounts. The findings stated that Lenny Marzocco’s trading of the accounts resulted in high turnover rates and cost-to-equity rations as well as significant losses. The customers suffered collective losses of $196,331 and paid $81,523 in commissions and fees. Lenny Marzocco also recommended a significant number of trades using margin in the customer accounts. In particular, Marzocco recommended using margin to a customer, even though he was aware that the customer’s financial circumstances made it unsuitable for him.
According to Lenny Marzocco’s BrokerCheck Report, two customer disputes have been settled alleging sales practice violations against Marzocco. These two customer disputes settled for $25,000 and $70,000.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Lenny Marzocco and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Marzocco’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Marzocco and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 7/8/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.