DAVID LERNER ASSOCIATES CUSTOMER ALERT: SYOSSET, NY BRANCH
(3) Customer alleged suitability based on age, misrepresentation regarding risks associated with the products recommended, and $65,000 in damages. Several of David Lerner Associates’ direct owners and executive officers have many notable public disclosures according to their (linked) FINRA BrokerCheck reports. • • None According to FINRA BrokerCheck, David Lerner has six regulatory complaints which have fined him over $282,500, and ordered him to pay at least $250,000 in restitution to customers. Investors can learn more about their broker/advisor and brokerage firm through FINRA BrokerCheck – a free tool provided by the Financial Industry Regulatory Authority that discloses brokers’ licensing, employment history, and most importantly, public disclosures including customer complaints and arbitration awards. If you suffered investment losses at David Lerner Associates due to broker misconduct and/or securities violations, you are encouraged to contact Lawrence L. Klayman, Esq.
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