Investor Alert: Presidential Brokerage, Inc. Broker Daniel Lempe Private Placement Losses
Posted on Thursday, January 9th, 2020 at 12:16 pm
Did you lose money investing with Presidential Brokerage, Inc. broker Daniel Lempe (CRD# 1265798)? Lempe has been registered with Presidential Brokerage, Inc. in New Smyrna Beach, Florida since 1991.
Lempe has been the subject of three customer complaints between 1995 and 2019, according to his CRD report. Recent complaints are regarding:
September 2019. “The complaint includes the standard boilerplate allegations including negligence, misrepresentation, omission, failure to supervise, breach of fiduciary duty and breach of contract in the sale of a private placement to claimants in April 2006.” The customer is seeking $400,000 in damages and the case is currently pending. The complaint is regarding 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, Presidential Brokerage, Inc. may be liable for investment or other losses suffered by Lempe’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.