Daniel Lerner Embroiled in Multiple Six-Figure Investor Disputes

Daniel Lerner (CRD #: 1255769), a broker registered with David Lerner Associates, is involved in seven investor disputes that allege unsuitable investment recommendations, according to his BrokerCheck record, accessed on July 21, 2021. Investors allege over $1.3 million in collective losses.

Unsuitable Investment Recommendation Allegations:

• On June 10, 2021, an investor alleged that Daniel Lerner recommended unsuitable investments, made misrepresentations and omitted important facts. In their complaint, the investor is seeking $450,000; the dispute is pending.
• On March 30, 2021, an investor alleged that Daniel Lerner recommended unsuitable investments and made misrepresentations. The investor is seeking $100,000; the dispute is pending.
• On March 22, 2021, an investor alleged that Lerner recommended unsuitable investments and executed an unauthorized trade. The investor is seeking $515,795; the dispute is pending.
• On January 4, 2021, an investor alleged that Daniel Lerner recommended unsuitable investments and misrepresented certain investments. The investor is seeking $100,000; the dispute is pending.
• On July 2, 2020, an investor alleged that Lerner recommended unsuitable investments and made misrepresentations. The investor is seeking $175,000; the dispute is pending.

Denied Disputes

There are denied disputes on Daniel Lerner’s record. Firms can deny disputes without facing FINRA arbitration – “denials” simply mean that the firm denies their representative engaged in misconduct. Investors can still recover losses following a denial.

• On January 22, 2021, an investor alleged that Daniel Lerner recommended unsuitable investments. The investor sought $100,000.
• On October 16, 2020, an investor alleged that Lerner executed unauthorized transactions. The investor sought $170,000 but the dispute was denied.

Daniel Lerner Background Information

Lerner has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination
• Securities Industry Essentials Examination
• Series 7 General Securities Representative Examination
• Series 52 Municipal Securities Representative Examination
• Series 24 General Securities Principal Examination

He is a registered broker in 22 states.

Daniel Lerner has worked with the following firms:

• David Lerner Associates (CRD #: 5397)
• Prudential Securities Incorporated (CRD #: 7471)
• Charles Schwab (CRD #: 5393)
• L. Stern & Co. (CRD #: 8327)
• Bear, Stearns & Co. (CRD #: 79)
• SSH Securities (CRD #: 43593)

Kurta Law Can Help

If you worked with Daniel Lerner and you have concerns about unsuitable investments, contact Kurta Law today. Call 212-658-1502 or email jkurta@kurtalawfirm.com.