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David Lerner’s Lefranc Joseph: $150K Energy 11 Complaint

Lawrenceville, New Jersey financial advisor Lefranc Joseph (CRD# 6092379) is involved in an investor complaint alleging six-figure losses. Financial Industry Regulatory Authority records show that he is a broker with David Lerner Associates. 

Mr. Joseph’s BrokerCheck report discloses one investor complaint. Filed in 2021, it alleges unsuitability and omissions relating to investments in a mutual fund and an Energy 11 private placement. The pending complaint alleges damages of $150,000.

A “broker statement” on the complaint’s disclosure notes that Mr. Joseph “was not a named party to the action” and that his name did not appear on the statement of claim, but that David Lerner Associates “made a best efforts attempt and confirmed that he was the IC who sold the investments at issue in the SOC.” The statement concludes by noting that the allegations do not involve “misappropriation, forgery, theft or conversion of funds or securities.”

According to the Financial Industry Regulatory Authority, Lefranc Joseph holds nine years of securities industry experience. Based in Lawrenceville, New Jersey, he has been a broker with David Lerner Associates since 2014. He was previously a broker with NYLife Securities in New York, New York from 2012 until 2014. His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He is licensed in Arizona, California, Connecticut, Delaware, Florida, Indiana, Maryland, Massachusetts, New Jersey, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, Texas, and Virginia. (Information current as of July 6, 2022.)

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.

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