David Lerner Associates, Inc. broker Nicholas Jembelis (CRD# 4028696) is accused of energy sector losses. He has been registered with David Lerner Associates, Inc. in White Plains, New York, since 1999.
Nicholas Jembelis Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
January 2025. “unsuitability, misrepresentation/omission and breach of fiduciary duty. Allegation period: August 4, 2014 the date of the first purchase at issue to January 29, 2025, the date the Statement of Claim was received.” The customer is seeking $150,000 in damages, and the case is currently pending. The case was regarding mutual funds and Energy 11 and Energy 12 energy sector losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, David Lerner Associates, Inc. may be liable for investment or other losses suffered by Nicholas Jembelis’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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