David Lerner Associates

There are Recent Customer Complaints with Broker Daniel Lerner in Firm David Lerner Associates, INC.

August 24, 2025 | by Staff Attorney

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.

Broker William Campbell in David Lerner Associates, INC. Firm Has Customer Complaint

August 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Campbell (Campbell), previously associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Campbell 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 $120,000.00 on June 23, 2025.

From November 17, 2017 allegations unsuitability, misrepresentation and omissions

Broker William Campbell in David Lerner Associates, INC. Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Campbell (Campbell), previously associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Campbell 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 $120,000.00 on June 23, 2025.

From November 17, 2017 allegations unsuitability, misrepresentation and omissions

There are Recent Customer Complaints with Broker Russ Kory in Firm David Lerner Associates, INC.

July 16, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint with a damage request of $99,999.00 on July 24, 2023.

Unsuitability, misrepresentation/omission and breach of fiduciary duty with regards to E12 and SOAEX\, June 12, 2007, date of the first purchase to July 24, 2023 the date the SOC was received.

There are Recent Customer Complaints with Broker Charles Castro in Firm David Lerner Associates, INC.

July 16, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint with a damage request of $99,999.00 on July 24, 2023.

Hold recommendation SOAEX, APLE\, June 12, 2007, date of the first purchase to July 24, 2023 the date the SOC was received.

There are Recent Customer Complaints with Broker Joanne Farace in Firm David Lerner Associates, INC.

July 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joanne Farace (Farace), currently associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Farace 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 $100,000.00 on October 23, 2023.

Allegations: unsuitability, misrepresentation/omission \, \, Allegation period: February 26, 2015 the date of the first purchase of the investments at issue to October 23, 2023 the date the SOC was received.

There are Recent Customer Complaints with Broker Joseph Foldhazy in Firm David Lerner Associates, INC.

July 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint with a damage request of $48,000.00 on November 06, 2023.

Unsuitability

There are Recent Customer Complaints with Broker Scott Mass in Firm David Lerner Associates, INC.

June 29, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint with a damage request of $200,000.00 on November 13, 2023.

Allegation period: June 13, 2016 the date of the first purchase of the investments at issue to November 2, 2023 the date the SOC was received. \, \, Allegations: unsuitability, misrepresentation/omission

There are Recent Customer Complaints with Broker Stanley Weiden in Firm David Lerner Associates, INC.

June 20, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on February 29, 2024.

Unsuitability. Client did not allege a dollar amount in damages and submitted his complaint almost 6 years after his investment.

Broker Michael Norton in David Lerner Associates, INC. Firm Has Customer Complaint

May 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Norton (Norton), currently associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Norton 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 $500,000.00 on March 07, 2024.

Gabelli purchase – unsuitability, misrepresentation and omissions\, Allegation period: December 4, 2018, the date of the first purchase of SOAEX to March 7, 2024 the date the SOC was received.