Tampa, Florida financial advisor Robert Wise (CRD# 5884184) recently received an investor complaint alleging that his advice resulted in seven-figure...
Read MoreDaniel Lerner: Energy 11 Complaints Against White Plains Rep
Daniel Lerner (CRD# 1255769), a broker located in White Plains, New York, is the recipient of numerous closed, denied, or pending customer complaints. As a representative of David Lerner Associates, according to records provided by the Financial Industry Regulatory Authority (FINRA), Lerner allegedly misrepresented material facts, violated his fiduciary obligation to his customers, and made misrepresentations, these complaints state.
Daniel Lerner’s BrokerCheck report lists a total of ten closed, denied, or pending complaints. In reverse chronological order:
As a representative of David Lerner Associates, a complaint filed in March 2021 alleges, Daniel Lerner recommended an unsuitable private placement investment in Energy 11, misrepresented and/or omitted material facts regarding an investment, and committed breach of fiduciary duty. The pending complaint alleges damages of $100,000.
While registered with David Lerner Associates, according to a complaint filed in March 2021, Daniel Lerner misrepresented and/or omitted material facts, breached his fiduciary duty, made an unauthorized trades, and made unsuitable investment recommendations connected to investments in a mutual fund and a private placement called Energy 11. The pending complaint alleges damages of $515,795.
A complaint filed in January 2021 alleges that Lerner recommended unsuitable products, made misrepresentations and/or omissions, failed in his supervisory duties, and breached his fiduciary duty regarding a mutual fund investment and an Energy 11 private placement. The pending complaint alleges damages of $100,000.
A July 2020 complaint alleges that he misrepresented and/or omitted material facts, recommended unsuitable products, and breached his fiduciary duty regarding investments in a mutual fund and private placements in Energy 11 and Great Art Fund. The pending complaint alleges damages of $175,000.
A complaint filed in October 2020 alleged he made transactions in the customers’ account “arbitrarily” and “with no discussion with us whatsoever.” The complaint alleged damages of $170,000 and was denied by the firm.
A representative of David Lerner Associates since 2000, Lerner has passed five securities industry qualifying examinations: the Uniform Securities Agent State Law Examination, or Series 63; the Municipal Securities Representative Examination, or Series 52; the General Securities Principal Examination, or Series 24 the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7. His past registrations include Prudential Securities Incorporated in New York, New York; Charles Schwab & Company in San Francisco, California; M.L. Stern & Co. in Beverly Hills, California; Bear, Stearns & Co. in New York, New York; SSH Securities in Syosset, New York; and David Lerner Associates in Syosset, New York. He holds 22 state securities licenses. (Information current as of June 6, 2021.)
