Haselkorn & Thibaut has opened an investigation into Diana Leon, a financial advisor currently registered with Osaic Wealth in Gaithersburg, Maryland. If you’ve worked with Ms. Leon or have concerns about your investments, understanding her regulatory history and recent complaints can help you make informed decisions about your financial future.
Understanding Diana Leon’s Professional Background
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Diana Leon (CRD# 4857407) brings 15 years of securities industry experience to her role as both a broker and investment advisor. Currently affiliated with Osaic Wealth since 2024, she operates out of Gaithersburg, Maryland, serving clients across multiple states with her 26 state licenses.
Her professional credentials include passing three important securities examinations:
- Series 7 (General Securities Representative Examination)
- Series 66 (Uniform Combined State Law Examination)
- SIE (Securities Industry Essentials Examination)
Throughout her career, Ms. Leon has been registered with several well-known financial institutions, including Woodbury Financial Services, LPL Financial, Capital One Investing, and Merrill Lynch. This movement between firms, while not uncommon in the industry, becomes more significant when viewed alongside her regulatory disclosures.
Recent Investor Complaint: A Closer Look
In July 2025, an investor filed a complaint against Diana Leon alleging that she recommended unsuitable callable note purchases while representing Osaic Wealth. The complaint sought damages of at least $5,000, though it was ultimately denied.
Understanding callable notes is crucial here. These investment products allow issuers to redeem them before maturity, potentially leaving investors with reinvestment risk during unfavorable market conditions. The suitability of such investments depends heavily on an investor’s financial situation, risk tolerance, and investment objectives.
| Complaint Details | Information |
|---|---|
| Filing Date | July 2025 |
| Allegation | Unsuitable callable note recommendations |
| Damages Sought | At least $5,000 |
| Status | Denied |
Previous Termination from Merrill Lynch
Perhaps more concerning is Diana Leon’s termination from Merrill Lynch in 2015. According to FINRA BrokerCheck records, the firm ended her registration due to allegations of making “inaccurate entries of required account reviews in an internal tracking system.”
Ms. Leon disputed these findings, stating she regularly conducted required client meetings and used a personal template to address benchmark issues. She claimed there was no firm policy requiring meeting documentation in the specific manner alleged. However, accurate record-keeping is fundamental to regulatory compliance in the financial services industry, making this termination a significant red flag for investors to consider.
Red Flags for Investors to Consider
When evaluating Diana Leon’s history with Osaic Wealth, several patterns emerge that warrant careful consideration:
- Pattern of Compliance Issues: The 2015 termination for documentation problems followed by a 2025 suitability complaint suggests potential ongoing compliance challenges
- Firm Changes: Multiple firm registrations over her career, culminating in her recent move to Osaic Wealth in 2024
- Nature of Complaints: Both disclosures relate to core advisor responsibilities – proper documentation and suitable investment recommendations
What This Means for Current and Former Clients
If you’ve worked with Diana Leon at Osaic Wealth or any of her previous firms, consider taking these steps:
- Review Your Account Statements: Look for any callable notes or other complex investments that may not align with your investment objectives
- Document All Interactions: Given the history of documentation concerns, maintain your own records of all meetings and recommendations
- Assess Investment Suitability: Evaluate whether your investments match your risk tolerance, time horizon, and financial goals
- Monitor Account Activity: Stay vigilant about any unauthorized trades or recommendations that seem inconsistent with your investment profile
Understanding Your Rights as an Investor
Securities regulations require financial advisors to recommend only suitable investments based on your specific financial situation. When advisors fail to meet this standard, investors may have legal recourse to recover losses. The denial of one complaint doesn’t necessarily reflect on the merit of other potential claims, as each situation is unique.
Taking Action: Your Next Steps
If you’ve experienced losses or have concerns about investments recommended by Diana Leon at Osaic Wealth, time is of the essence. Securities arbitration claims are subject to statutes of limitations, typically six years from the date of purchase or three years from when you discovered or should have discovered the wrongdoing.
Haselkorn & Thibaut specializes in helping investors recover losses from unsuitable investment recommendations and other securities fraud. With over 50 years of experience, a 98% success rate, and millions recovered for clients nationwide, the firm operates on a “no recovery, no fee” basis, ensuring you pay nothing unless they secure compensation for you.
Don’t let uncertainty about your investments keep you from seeking the answers you deserve. Call Haselkorn & Thibaut today at 1-888-628-5590 for a free, confidential consultation about your Diana Leon and Osaic Wealth investments. Their experienced attorneys can review your portfolio, explain your rights, and help you understand your options for potential recovery. Take the first step toward protecting your financial future – call 1-888-628-5590 now.
