Craig Nomberg: $500K SOAEX Complaint Against Ex-David Lerner Advisor

A recent investor complaint against Boca Raton, Florida financial advisor Craig Nomberg (CRD# 4293515) alleges that he recommended an unsuitable investment in SOAEX. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with Wells Fargo Clearing Services, having previously been registered with David Lerner Associates.

Mr. Nomberg’s BrokerCheck report discloses two investor complaints. The most recent, filed in March 2024, alleges that as a representative of David Lerner Associates, he he misrepresented and omitted material facts in connection with an investment in SOAEX. The pending complaint alleges damages of $500,000.

An earlier investor complaint, filed in 2012, alleged that as a David Lerner Associates representative, he misrepresented and recommended an unsuitable real estate investment. The complaint evolved into a FINRA arbitration proceeding that concluded with an award to the customer of $260,000.

Wells Fargo’s website includes a profile of Mr. Nomberg that describes his services and approach. “As a Financial Advisor with Wells Fargo Advisors, I can offer you a wide range of services, from helping you select individual investments to developing a retirement plan,” it states. “With access to a broad array of company resources — including research analysts and economic and market experts — I can help you make informed investment decisions based on your specific needs.”

According to the Financial Industry Regulatory Authority, Craig Nomberg holds 23 years of securities industry experience. Based in Boca Raton, Florida, he has been a broker and an investment advisor with Wells Fargo Clearing Services since 2019. He was previously registered with David Lerner Associates in Boca Raton, Florida from 2000 until 2019. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, Connecticut, Florida, Illinois, New Jersey, New York, North Carolina, Pennsylvania, and Texas. (Information current as of March 24, 2024.)

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