Lefranc Joseph Involved in Unsuitability Dispute
Lefranc Joseph (CRD #:6092379), a broker registered with David Lerner Associates, is involved in an unsuitability dispute, according to his BrokerCheck record accessed on March 12, 2022.
BrokerCheck does not provide details regarding the nature of the investment; however, brokers who recommend a security or investment are subject to FINRA rules and regulations. These include:
- FINRA Rule 2111, which requires registered brokers to have a "reasonable basis" to believe that a recommended transaction or investment strategy suits their client's needs.
- FINRA Rule 2020, which prohibits brokerage firms and stockbrokers from making material misrepresentations or inducing people into buying investments with false statements about their potential benefits.
- Lefranc Joseph's alleged unethical conduct may also violate FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor.
Lefranc Joseph has passed the following exams:
- Series 65 - Uniform Investment Adviser Law Examination
- Series 63 - Uniform Securities Agent State Law Examination
- SIE - Securities Industry Essentials Examination
- Series 7 - General Securities Representative Examination
- Series 6 - Investment Company Products/Variable Contracts Representative Examination
Lefranc Joseph is a registered broker in 16 states.
Besides David Lerner Associates, Lefranc Joseph has also worked with NYLIFE Securities (CRD#:5167).
Kurta Law Can Help
If you have worked with Lefranc Joseph and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
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