Erez Law is currently investigating David Lerner Associates, Inc. broker Alan Lowenfels (CRD# 4512765) regarding energy sector losses. He was registered with David Lerner Associates, Inc. in White Plains, New York, from 2002 to 2026.
Alan Lowenfels Customer Complaints
He has been the subject of three customer complaints between 2019 and 2025, according to his CRD report:
October 2025. “Unsuitability, misrepresentation and omission, August 19, 2015 the date of the first purchase of Energy 11 to October 7, 2025 the date the SOC was received.” The customer is seeking $165,000 in damages, and the case is currently pending. The complaint was regarding private placements losses, including Energy 11 and Energy 12.
August 2021. “Unsuitability, misrepresentation/omission.” The customer sought $48,847 in damages, and the case was settled for $25,000. The complaint was regarding mutual funds and private placements, including Energy 11 investment losses.
September 2019. “Unsuitability, misrepresentation/omission.” The customer sought $120,000 in damages, and the case was settled for $15,000. The complaint was regarding mutual fund 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 Alan Lowenfels’ 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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