Articles Tagged with David Lerner Associates

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Lerner (Lerner), currently associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Lerner recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $225,000.00 on September 22, 2025.

Unsuitability, misrepresentation and omission, breach of fiduciary duty –  June 9, 2017 the date of the first purchase of SOAEX to September 22, 2025 – the date the SOC was received.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Lerner (Lerner), currently associated with David Lerner Associates, INC., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Lerner recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $192,000.00 on September 08, 2025.

July 17, 2018 the date of the first purchase of Energy 12 to September 8, 2025 the date the SOC was received.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Lerner (Lerner), currently associated with David Lerner Associates, INC., has at least one disclosable event. These events include one regulatory event, alleging that Lerner recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on May 20, 2025.

Without admitting or denying the findings, Lerner consented to the sanctions and to the entry of findings that he recommended that a customer invest in an illiquid, proprietary limited partnership without having a reasonable basis to believe that the investment was suitable for the customer based on her investment profile. The findings stated that the customer was a 92-year-old retiree when Lerner recommended that she purchase $60,000 of the limited partnership. Prior to this recommendation, the customer’s risk tolerance was listed as moderate on her investment profile. As a result of Lerner’s recommendation, the customer invested approximately 25 percent of her liquid net worth in the limited partnership.