Former David Lerner Associates, Inc. Broker Robert Rasbach Energy Sector Losses

David Lerner Associates

Did you lose money investing with former David Lerner Associates, Inc. broker Robert Rasbach (CRD# 1204704) in the high-risk energy sector? He has been registered with Benchmark Investments, LLC in New York, New York since 2021. Previously, he was registered with David Lerner Associates, Inc. in Westport, Connecticut from 2000 to 2021.

Robert Rasbach Customer Complaints

He has been the subject of three customer complaints between 2012 and 2022, one of which was closed without action and one was denied, according to his CRD report:

April 2022. “unsuitability, misrepresentation/omission, breach of fiduciary duty.” The customer is seeking $499,000 in damages and the case is currently pending. The complaint was regarding mutual funds and private placement losses, including Energy 11 and Energy Resources 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 Robert Rasbach’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.

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