David Lerner Associates, Inc. Broker David Lerner Investment Losses
Posted on Wednesday, February 5th, 2020 at 10:45 pm
Erez Law is currently investigating David Lerner Associates, Inc. broker David Lerner (CRD# 1255769) regarding unsuitable investment recommendations. Lerner has been registered with David Lerner Associates, Inc. in White Plains, New York since 2000.
Lerner has been the subject of three customer complaints between 2013 and 2019, one of which was denied and one was closed without action, according to his CRD report:
April 2019. “Unsuitability, misrepresentation/omission, breach of fiduciary duty and failure to supervise.” The case is currently pending. The complaint was regarding insurance, mutual funds and private placements, including Energy 11 and GAF.
Energy 11, L.P. is a public non-traded limited partnership formed to acquire and develop oil and natural gas properties located onshore in the United States.
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 Lerner’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.