William Leboeuf – Financial Advisor/Broker Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
William Leboeuf a/k/a Bill Leboeuf is a previously licensed financial advisor with Cetera Advisor Networks LLC and Merrill Lynch.
According to FINRA, William Leboeuf was fined $12,500 and suspended from the securities industry for twelve months in December 2021.
According to FINRA Allegations:
LeBoeuf consented to the sanctions and to the entry of findings that he participated in private securities transactions without providing prior written notice to, and receiving written approval from, his member firms. The findings stated that LeBoeuf used his personal email to solicit his firm client, a family member, to invest in a pooled real estate investment fund. In addition, LeBoeuf solicited investors, including firm clients, to invest in a convertible promissory note issued by a software company and sent emails introducing the investment and recommending investment amounts to his investors. LeBoeuf also formed a limited liability company to facilitate investments in the software company and ensured the investors’ funds were wired to the company. Three firm clients invested a total of $750,000 in the software company’s convertible promissory notes. LeBoeuf did not receive selling compensation from any of the investments in the real estate fund or software company. In addition, LeBoeuf falsely attested on annual compliance questionnaires that he had not used a personal device to communicate with clients using software not available from the firm. The findings also stated that LeBoeuf engaged in an outside business activity (OBA) without providing prior written notice to the firm. While associated with the firm, LeBoeuf filed articles of incorporation for a limited liability company with the Ohio Secretary of State. LeBoeuf was the authorized signor for the company’s bank account and was identified in the company’s operating agreement as the member, sole manager, and partnership representative for tax purposes. The findings also included that, in the course of soliciting potential investors in the software company, LeBoeuf’s communications did not provide potential investors with the required sound basis to evaluate all of the relevant facts with respect to the potential investment. LeBoeuf emailed a company presentation to investors, including several firm customers, that did not adequately address the illiquidity of the proposed investment or the possibility of investment loss. Further, the presentation failed to identify the assumptions, limitations, impediments, and restrictions that could inhibit the achievement of a yearly revenue forecast.
Goodman & Nekvasil, P.A. May Recover Investor Losses:
If you lost money on investments with William Leboeuf 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 William Leboeuf’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 $200 million on behalf of victimized investors. If you lost money on investments with William Leboeuf 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 11/29/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.