AdvisorCheck - Find and Connect with Top Financial Advisors on Your Terms
Why Advisor Check
JB

Jerard Basmagy

Some features on this profile are disabled
CRD#: 1358181
JB

Professional summary


Jerard Basmagy was barred by the SEC from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

Jerard is a previously registered financial professional and started their career in finance in 1985. Prior to being barred, Jerard had worked at 22 firms, which includes LEONARD SECURITIES INC, BA SECURITIES LLC, CW SECURITIES LLC, LANDOAK SECURITIES LLC, CHARDAN CAPITAL MARKETS LLC, FARRAND INVESTMENT BANKERS, RIVERBANK CAPITAL SECURITIES INC., NAFA CAPITAL MARKETS LLC, TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES LLC, TEACHERS PERSONAL INVESTORS SERVICES INC., RED-HORSE SECURITIES LLC, FIRST MONTAUK SECURITIES CORP., WALSH MANNING SECURITIES LLC, FIRST PROVIDENCE FINANCIAL GROUP LLC, MAIDSTONE FINANCIAL INC., EQUUS FINANCIAL GROUP INC., THE WELLINGTON GROUP INC., LEHMAN BROTHERS INC., HASAN GROWNEY CO. INC., J F LOWE & COMPANY INCORPORATED, GREENTREE SECURITIES CORP., BROOKS WEINGER ROBBINS & LEEDS INC..

top-8-questions

Question & Answer


Are you a "fiduciary"?
No

Aliases


None

Other business activities


Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
The advisor shows no other business activity.

Blog Corner


CRS (Client Relationship Summary)


The CRS(Customer Relationship Summary) document is not provided.

Certified licenses


Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
None

Experience


Past

November 13, 2014 - February 23, 2015

LEONARD SECURITIES, INC

BD
CRD#: 43176
OKLAHOMA CITY, OK
Past

March 6, 2014 - December 31, 2016

BA SECURITIES, LLC

BD
CRD#: 153489
W. CONSHOHOCKEN, PA
Past

April 16, 2008 - August 7, 2017

CW SECURITIES, LLC

BD
CRD#: 124496
KNOXVILLE, TN
Past

November 15, 2006 - February 14, 2007

LANDOAK SECURITIES, LLC

BD
CRD#: 41123
KNOXVILLE, TN
Past

May 2, 2006 - June 28, 2017

CHARDAN CAPITAL MARKETS LLC

BD
CRD#: 120128
NEW YORK, NY
Past

January 3, 2006 - November 17, 2006

FARRAND INVESTMENT BANKERS

BD
CRD#: 105785
MONTVILLE, NJ
Past

September 15, 2005 - February 5, 2008

RIVERBANK CAPITAL SECURITIES, INC.

BD
CRD#: 135310
NEW YORK, NY
Past

May 24, 2005 - August 13, 2007

NAFA CAPITAL MARKETS, LLC

BD
CRD#: 133599
NORMAN, OK
Past

April 21, 2005 - October 6, 2005

TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC

BD
CRD#: 20472
NEW YORK, NY
Past

April 21, 2005 - October 6, 2005

TEACHERS PERSONAL INVESTORS SERVICES, INC.

BD
CRD#: 36130
NEW YORK, NY
Past

January 5, 2005 - January 31, 2005

RED-HORSE SECURITIES, LLC

BD
CRD#: 104169
BRIDGEWATER, NJ
Past

April 16, 2002 - December 7, 2004

RED-HORSE SECURITIES, LLC

BD
CRD#: 104169
BRIDGEWATER, NJ
Past

February 11, 1999 - April 17, 2002

FIRST MONTAUK SECURITIES CORP.

BD
CRD#: 13755
RED BANK, NJ
Past

July 28, 1997 - July 14, 1998

WALSH MANNING SECURITIES, LLC

BD
CRD#: 30826
Past

May 20, 1997 - July 25, 1997

FIRST PROVIDENCE FINANCIAL GROUP, LLC

BD
CRD#: 39469
PORT WASHINGTON, NY
Past

May 3, 1994 - April 16, 1997

MAIDSTONE FINANCIAL, INC.

BD
CRD#: 31804
NEW YORK, NY
Past

August 10, 1993 - December 16, 1993

EQUUS FINANCIAL GROUP, INC.

BD
CRD#: 30110
Past

June 1, 1992 - June 30, 1993

THE WELLINGTON GROUP, INC.

BD
CRD#: 17814
NEW YORK, NY
Past

October 10, 1991 - March 26, 1992

LEHMAN BROTHERS INC.

BD
CRD#: 7506
NEW YORK, NY
Past

March 13, 1990 - May 1, 1991

HASAN GROWNEY CO. INC.

BD
CRD#: 17137
Past

January 17, 1989 - December 5, 1989

J F LOWE & COMPANY INCORPORATED

BD
CRD#: 11830
Past

January 4, 1988 - November 29, 1988

GREENTREE SECURITIES CORP.

BD
CRD#: 7372
Past

November 10, 1987 - March 5, 1988

BROOKS WEINGER ROBBINS & LEEDS INC.

BD
CRD#: 14156
Past

May 21, 1985 - October 28, 1987

LEHMAN BROTHERS INC.

BD
CRD#: 7506

State Registrations and Notice Filings


Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Exams


State Security Law Exam
IAR
Series 65
Date: 5/5/1999
Uniform Investment Adviser Law Examination
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
RR
Series 55
Date: 7/8/1998
Limited Representative-Equity Trader Exam
General Industry/Product Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
RR
Series 8
Date: 5/31/1989
General Securities Sales Supervisor Examination (Options Module & General Module)

Current Firm


LS
LEONARD SECURITIES, INC
LEONARD SECURITIES, INC

CRD#: 43176 / SEC#: , 8-50167

BD
Terminated by SEC on 02/20/2015
Upgrade to AdvisorCheck Premium
Get A Biweekly Pulse, AutomaticallyReceive biweekly alerts automatically. Stay informed and proactive.
Catch Firm-Level Red Flags SoonerCatch leadership changes and disclosures early, before issues escalate.
See Trends. Not Just SnapshotsMonitor firm stability metrics like AUM and advisor ratios over time.

Contact information


Main Address
Mailing Address
Phone number
Established
Oklahoma since 02/06/1997
Firm type
Corporation
Fiscal year end
December
# of Employees

Documents


Direct owners and executive officers


NamePositionCRD#
SAVAGE, ROBERT LEONARDCHIEF COMPLIANCE OFFICER815336
SAVAGE, ROBERT LEONARDPRESIDENT815336
ABOUD, DAVID FERRISEXECUTIVE VICE PRESIDENT1545223
SAVAGE, PHILIP LARIMORESHAREHOLDER
BASMAGY, JERARDFINANCIAL AND OPERATIONS PRINCIPAL1358181

Disclosures


Regulatory Event1
Arbitration1

Red Flags


Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

Company Information


LEONARD SECURITIES, INC

CRD#: 43176

TRUST BUT VERIFY

Monitor Jerard Basmagy

Get automatic monthly alerts on:
Job or Firm Moves
Licensing Changes
Client Complaints
New Red Flags
Contact Information Updates

Similar Advisors


Stephen Albert Zahka
Stephen ZahkaAdvisorCheck Check Mark
EDWARD JONES
IAR
RR
Marlborough, MA
Frank Horace Moore III
Frank MooreAdvisorCheck Check Mark
UBS FINANCIAL SERVICES INC.
IAR
RR
Greenwich, CT
Marshall Lee Rosen
Marshall RosenAdvisorCheck Check Mark
OSAIC WEALTH, INC.
IAR
RR
Fort Lauderdale, FL
footer-logo

AdvisorCheck does not offer investment advice and should not replace discussions with professional accounting, tax, legal or financial advisors.
© 2025 AdvisorCheck, an AIMR Analytics company.
All rights reserved.
Powered ByAIRM Analytics