Close Menu
Free Consultation: 888-976-6111

Richard Eden: $500K Energy 11 Complaint Against David Lerner Advisor

A recent investor complaint against Lawrenceville, New Jersey financial advisor Richard Eden (CRD# 2145727) alleges his investment advice resulted in damages of half a million dollars. Financial Industry Regulatory Authority records show that he is a broker registered with David Lerner Associates. 

Mr. Eden’s BrokerCheck report discloses one recent investor complaint. Filed in May 2022, it alleges that as a representative of David Lerner Associates, he breached his fiduciary duty, misrepresented and omitted material information, and recommended unsuitable investments in a mutual fund and an Energy 11 private placement. The pending complaint alleges damages of $100,000 to $500,000. In a statement on the pending complaint’s disclosure, Mr. Eden defended himself against the claims, writing: “I vehemently deny the allegations.”

The fiduciary standard, for reference, requires financial advisors to place the client’s interests above their own, make full disclosures regarding any conflicts of interest, and operate in good faith and with loyalty to the customer. This is similar to but distinct from the suitability standard that requires brokers to recommend only investments and strategies that are in their customers’ best interests. 

According to the Financial Industry Regulatory Authority, Richard Eden holds 31 years of securities industry experience. Based in Lawrenceville, New Jersey, he has been a broker with David Lerner Associates since 1991. He has no previous registrations. His credentials include the passage of three securities industry qualifying examinations: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Alaska, Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Texas, and Virginia. (Information current as of August 17, 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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Carlson Law Files Claim Involving Sam Jacobs of Key Investment Group

    Carlson Law recently filed a case on behalf of an investor against LaSalle St. Securities involving the actions of Winter...

    Read More
  • Ariel Rivero: FINRA Sanctions Former Jeffries Advisor

    Coral Gables, Florida financial advisor Ariel Rivero (CRD# 4236679) was recently sanctioned and suspended in connection with alleged rule violations....

    Read More
  • Joshua Cox: $80K Complaint Against Everest Wealth Advisor

    Greenwood Village, Colorado financial advisor Joshua Cox (CRD# 6137037) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial...

    Read More
  • Paul Snow: NewEdge Advisor Resigned from Raymond James

    Former Covington, Louisiana broker Paul Snow (CRD# 2963153) recently resigned from Raymond James Financial Services in connection with alleged rule...

    Read More
  • Previous
  • Next