KlaymanToskes Investigates Unsuitable Concentration in Proprietary Products Invested in Energy Sector | KlaymanToskes
Summary
National securities fraud law firm, KlaymanToskes (“KT”), announces its investigation into David Lerner Associates for the unsuitable concentration in proprietary products invested non-traded Oil & Gas Investments offered exclusively to its clients. In addition to the precipitous loss in value, the majority of the interest payments received by investors are now considered, return of capital. According to securities attorney, Lawrence L. Klayman, “David Lerner Associates recommended proprietary products that were unsuitable for most conservative or retired investors”. Klayman adds, “Based on SEC Filings there was an incentive to recommend these proprietary products at the expense of investors”. The sole purpose of this release is to investigate investment recommendations provided by David Lerner Associates.