Alan Lowenfells: Energy 11 Complaint Against David Lerner Advisor

White Plains, New York financial advisor Alan Lowenfells (CRD# 4512765) allegedly recommended unsuitable Energy 11 and Energy 12 private placements, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with David Lerner Associates.

Mr. Lowenfells’ BrokerCheck report discloses three investor complaints. The most recent, filed in September 2025, alleges that as a David Lerner Associates representative, he misrepresented and recommended unsuitable Energy 11 and Energy 12 private placements. The pending complaint alleges damages of $165,000.

An earlier investor complaint, alleges that as a representative of David Lerner Associates, he misrepresented and recommended unsuitable Energy 11 private placements. In 2022 the complaint reached a settlement of $25,000.

A third investor complaint, filed in 2019, alleged that as a David Lerner representative, he made unsuitable recommendations and misrepresented material facts. In 2020 the complaint reached a settlement of $15,000. “I vehemently deny the allegations,” he wrote in a statement included with the disclosure.

According to the Financial Industry Regulatory Authority, Alan Lowenfells holds 23 years of securities industry experience. Based in White Plains, New York, he has been registered as a broker with David Lerner Associates since 2022. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the General Securities Representative Examination, or Series 7. He is licensed in Alaska, California, Connecticut, Florida, Illinois, Massachusetts, Nevada, New Jersey, New York, North Carolina, Oregon, Rhode Island, South Carolina, and Washington. (Information current as of October 19, 2025.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.