Can I recover unsuitable private placement losses from investments with David Lerner Associates, Inc. broker Lefranc Joseph (CRD# 6092379)? He has been registered with David Lerner Associates, Inc. in Lawrenceville, New Jersey since 2014.
Lefranc Joseph Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
November 2021. “unsuitability, omissions.” The customer is seeking $150,000 in damages and the case is currently pending. The case was regarding mutual funds and private placement Energy 11 investment 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 Lefranc Joseph’s 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.