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Lawrence Merl Formerly With David Lerner Associates, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Lawrence Merl formerly with David Lerner Associates, Inc.?

Lawrence Merl

Lawrence Merl (CRD #2443190) who was formerly registered with David Lerner Associates, Inc. and located in White Plains, New York, is a subject of one of our many securities industry sales practice abuse investigations. In the past, Lawrence Merl had his own problems with the regulators. He was suspended for 5 months and fined $$50,000 for allegedly disregarding his customers expressly stated investment objective to minimize risk and maintain liquidity in his IRA accounts and further for recommending that the customer sell his mutual fund holdings and purchase shares of a REIT.

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Lawrence Merl Customer Complaints

Lawrence Merl has been the subject of 2 customer complaints that we know about to recover investment losses. One customer complaint was settled by David Lerner Associates in favor of the investor for $750,000. The other customer complaint filed against his employer for Lawrence Merl’s alleged misconduct is still pending in a FINRA arbitration proceeding.

Allegations Against Lawrence Merl

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unsuitable investment recommendations and omissions in connection with the offer and sale of a private placement known as Energy 11.
  • Misrepresentation and unsuitable investment recommendations of Energy 11 private placement.

Lawrence Merl Red Flags & Your Rights As An Investor

Of course, Lawrence Merl did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Lawrence Merl at David Lerner Associates, Inc. on alert to review carefully the activity and performance of their accounts and question whether Lawrence Merlhas engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at David Lerner Associates, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At David Lerner Associates, Inc. Due To Lawrence Merl

If you have questions about David Lerner Associates, Inc. and/or Lawrence Merl and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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