Suitability Concerns with David Lerner Associates, Inc. Broker Charles Castro
Posted on Monday, January 10th, 2022 at 8:38 pm
Erez Law is currently investigating David Lerner Associates, Inc. broker Charles Castro (CRD# 5556780) regarding suitability concerns. Charles Castro has been registered with David Lerner Associates, Inc. in White Plains, New York since 2008.
Charles Castro Customer Complaint
Charles Castro has been the subject of one customer complaint, according to his CRD report:
September 2021. “Unsuitability, misrepresentation/omission.” The customer is seeking $235,000 in damages and the case is currently pending. The complaint was regarding mutual funds and Energy 11 and Energy 12 private placements.
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 Charles Castro’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.