Perry De Leeuw, Formerly of PFS Investments, Barred by FINRA Following Failure to Comply with Arbitration Settlement Agreement

Additionally, De Leeuw failed to respond to FINRA’s request to provide information concerning the status of compliance.

Perry De Leeuw (CRD#: 4792703) was registered as a broker with PFS investments from 2004 until 2016. De Leeuw was not registered with any other firms during his career as a financial advisor.

De Leeuw has ten disclosures on his BrokerCheck report. 

May 2021 Customer Dispute

• Status: Pending
• Allegations: Customer alleges she gave Mr. De Leeuw money to invest in outside businesses which were not disclosed to the firm.
• Damage Amount Requested: $152,715.0

September 2019 Regulatory Judgment

• Status: Final
• Initiated By: FINRA
• Allegations: Respondent De Leeuw 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.
• Resolution: Letter
• Sanctions: Suspension
• Registration Capacities Affected: All Capacities
• Duration: Indefinite
• Start Date: 9/11/2019
• Regulator Statement: Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent De Leeuw is suspended on September 11, 2019 for failure 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.

May 2017 Customer Dispute

• Status: Settled
• Allegations: Customers allege they gave Mr. De Leeuw money to invest in outside businesses which were not disclosed to the firm.
• Damage Amount Requested: $600,000.00
• Settlement Amount: $295,000.00

May 2017 Customer Dispute

• Status: Settled
• Allegations: Customers allege they gave Mr. De Leeuw money to invest in an outside business which was not disclosed to the firm.
• Damage Amount Requested: $250,000.00
• Settlement Amount: $100,000.00

November 2016 Customer Dispute

• Status: Settled
• Allegations: 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.
• Damage Amount Requested: $100,000.00
• Settlement Amount: $40,000.00

June 2016 Customer Dispute

• Status: Settled
• Allegations: Customer alleged Mr. De Leeuw misrepresented features of products the customer purchased.
• Damage Amount Requested: $64,476.26
• Settlement Amount: $28,486.98

June 2016 Regulatory Judgment

• Status: Final
• Initiated By: FINRA
• Allegations: Respondent De Leeuw failed to respond to FINRA request for information.
• Resolution: Letter
• Sanctions: Bar
• Registration Capacities Affected: All Capacities
• Duration: Indefinite
• Start Date: 9/20/2016
• Regulator Statement: Pursuant to FINRA Rule 9552(h) and in accordance with FINRA’s Notice of Suspension and Suspension from Association letters dated June 17 2016 and July 11, 2016, respectively, on September 20, 2016, De Leeuw is barred from association with any FINRA member in any capacity. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in any capacity.

April 2016 Employment Separation After Allegations

• Firm Name: PFS Investments Inc.
• Termination Type: Discharged
• Allegations: Information indicated that agent was engaged in unapproved outside business activity and the agent failed to adequately cooperate during a review of a related complaint. (See FINRA disclosure occurrence no. 1880273)

April 2016 Customer Dispute

• Status: Settled
• Allegations: Complainant alleges that in mid-2015, she gave Perry De Leeuw funds for an investment in and to become a distributor for a company called Waterbos. Complainant further alleges that De Leeuw informed her in mid-March 2015 that she would not receive products for distribution or a return of her funds.
• Damage Amount Requested: $163,350.00
• Settlement Amount: $100,000.00

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Perry De Leeuw. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.