Close Menu
Free Consultation: 888-976-6111

Scott Mass: David Lerner Advisor Faces $200K Complaint

A recent investor complaint against Syosset, New York financial advisor Scott Mass (CRD# 1971403) alleges that he recommended unsuitable investments. Financial Industry Regulatory Authority records show that he is a broker registered with David Lerner Associates and that past investor complaints against him have reached settlements.

Mr. Mass’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in October 2023, alleges that as a representative of David Lerner Associates, he misrepresented and recommended unsuitable mutual fund investments. The pending complaint alleges damages of $200,000.

An earlier investor complaint, filed in 2018, alleged that as a representative of David Lerner Associates, he made unsuitable recommendations, breached his fiduciary duty, acted negligently, committed fraud, and breached contract in connection with Puerto Rico bond sales. In 2019 the complaint reached a settlement of $9,000.

A third investor complaint, filed in 2016, alleged that as a David Lerner representative, he recommended an unsuitable mutual fund. In 2017 the complaint reached a settlement of $15,000.

According to the Financial Industry Regulatory Authority, Scott Mass holds 34 years of securities industry experience. Based in Syosset, New York, he has been a broker with David Lerner Associates since 1989. His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; 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 currently holds 25 state licenses. (Information current as of November 26, 2023.)

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
  • Kiran Devarapalli: Leaders Group Advisor Fired by LPL

    Littleton, Colorado financial advisor Kiran Devarapalli (CRD# 6416586) was recently fired by LPL Financial in connection with alleged rule violations....

    Read More
  • Max & Randy Birkinbine: Ausdal Advisors Face GWG Complaint

    North Oaks, Minnesota financial advisors Max Birkinbine (CRD# 6836583) and Randy Birkinbine (CRD# 2008599) have received an investor complaint alleging...

    Read More
  • Bruce Johnson: L Bond Complaint Against Portsmouth Financial Advisor

    San Francisco financial advisor Bruce Johnson (CRD# 1126862) allegedly misrepresented investments in GWG L bonds, according to an investor complaint....

    Read More
  • Cataldo Panici: $355K REIT Complaint Against Wintrust advisor

    Frankfort, Illinois financial advisor Cataldo Panici (CRD# 2112617) recently received an investor complaint alleging damages of more than $300,000. Financial...

    Read More
  • Previous
  • Next