Josiah Lederman: $500K-$1mm Complaint Against Concorde Advisor

Fort Wayne, Indiana financial advisor Josiah Lederman (CRD# 6871359) allegedly recommended an unsuitable investment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with Concorde Investment Services and an investment advisor with Concorde Asset Management, doing business as Lederman Financial Services.

Mr. Lederman’s BrokerCheck report discloses one investor complaint. Filed in November 2025, it alleges that as a representative of Concorde Investment Services, he breached his fiduciary duty, failed in his supervisory responsibilities, made an unsuitable investment recommendation, and failed to perform proper due diligence. The pending complaint alleges damages between $500,000 and $1 million.

FINRA rules establish numerous standards that stockbrokers like Mr. Lederman must follow. One important piece of guidance is the suitability rule, which states that stockbrokers must “have a reasonable basis to believe” that the investments and/or investment strategies they recommend to their clients are appropriate for the client’s background and needs—that is, that the recommendations are suitable. As described by FINRA Rule 2111, brokers ascertain an investment’s suitability based on “information obtained through reasonable diligence of the firm or associated person to ascertain the customer’s investment profile.” The customer’s investment profile includes their age, net worth, risk tolerance, income, and more. Brokers who recommend unsuitable transactions may be liable to their clients in the event of losses.

According to the Financial Industry Regulatory Authority, Josiah Lederman holds eight years of securities industry experience. Based in Fort Wayne, Indiana, he has been registered as a broker with Concorde Investment Services and an investment advisor with Concorde Asset Management since 2019, doing business as Lederman Financial Services. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; and the General Securities Representative Examination, or Series 7. He is licensed in Florida, Illinois, Indiana, Nebraska, Ohio, and Pennsylvania. (Information current as of December 13, 2025.)

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