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Michael Norton Of David Lerner Associates, Inc. Has 9 Customer Complaints For Alleged Broker Misconduct

Who is Michael Norton of David Lerner Associates, Inc.?

Michael Norton

Michael Norton (CRD #2617985) who is currently registered as a broker with David Lerner Associates, Inc. and located in Syosset, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to David Lerner Associates, Inc., Michael Norton was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Michael Norton Customer Complaints

Michael Norton has been the subject of 9 customer complaints that we know about to recover investment losses. Four of the customer complaints were settled by David Lerner Associates in favor of the investors. Another for customer complaints were denied by the same brokerage firm. There is currently one FINRA arbitration proceeding pending against David Lerner Associates for Michael Norton’s alleged misconduct.

Allegations Against Michael Norton

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

  • Unsuitability, misrepresentation/omission, breach of fiduciary duty and negligence related to private placement investments.
  • Unsuitability related to municipal debt.
  • Misrepresentations of REITs.
  • Unsuitable recommendations of variable annuities and other direct investments.
  • Unsuitable recommendations of mutual fund investments.
  • Unsuitable recommendations of municipal debt.
  • Unsuitable recommendations of Puerto Rico Bonds.
  • Unsuitable investment recommendations, misrepresentations and omissions in connection with the offer and sale of Energy 11 investment.

Michael Norton Red Flags & Your Rights As An Investor

Of course, Michael Norton 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 Michael Norton at David Lerner Associates, Inc. on alert to review carefully the activity and performance of their accounts and question whether Michael Norton has 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?

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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 Michael Norton

If you have questions about David Lerner Associates, Inc. and/or Michael Norton 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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