Investors have come forward with complaints about securities broker Daniel Lerner AKA Daniel Todd Lerner [CRD#: 1255769, White Plains, NY]. Evidently, the securities broker, who worked for David Lerner Associates, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, David Lerner Associates clients allege that Lerner made unsuitable transactions, made misrepresentations and omissions, and breached a fiduciary duty. For more on these disclosures about Lerner, see below.
Evidently, a client of David Lerner Associates contested Daniel Lerner’s sales practices by filing FINRA Arbitration #: 21-00782. Allegedly, Lerner made unsuitable transactions, made misrepresentations and omissions, and breached a fiduciary duty. Supposedly, the private placements (Energy 11 LP) which Lerner sold or recommended had caused the client to sustain damages. Therefore, David Lerner Associates opted to settle the matter on May 19, 2022 by compensating the client in the amount of $82,500.
Also, a client of David Lerner Associates contested Daniel Lerner’s sales practices by filing FINRA Arbitration #: 22-00302. Allegedly, Lerner made unsuitable transactions, made misrepresentations and omissions, and acted unethically. Supposedly, the mutual funds and Energy 11 LP units which Lerner sold or recommended had caused the client to sustain damages. Therefore, FINRA Arbitrators issued an Award dated February 9, 2022 compelling David Lerner Associates or Lerner to compensate the client in the amount of $23,480.
Evidently, on February 1, 2022, a David Lerner Associates client filed FINRA Arbitration #: 22-00227 about Daniel Lerner. Namely, the client alleged that Lerner made unsuitable transactions, made misrepresentations and omissions, and breached a fiduciary duty. Because of this, the client sustained damages on insurance products, mutual funds, and private placements (Energy 11 and Energy Resources 12). Therefore, the client requested $250,000 in compensation from David Lerner Associates or Lerner. Evidently, this arbitration is pending a resolution.
Also, a client of David Lerner Associates contested Daniel Lerner’s sales practices by filing FINRA Arbitration #: 21-00663 on January 28, 2022. Allegedly, Lerner made unsuitable transactions, made misrepresentations and omissions, breached a fiduciary duty, and made unauthorized transactions. Supposedly, the mutual funds and Energy 11 LP units which Lerner sold or recommended had caused the client to sustain damages. Therefore, the client seeks compensatory relief from David Lerner Associates or Lerner in the amount of $515,795 in this ongoing matter.
Evidently, on June 3, 2021, a David Lerner Associates client filed FINRA Arbitration #: 21-01435 about Daniel Lerner. Notably, the client alleged that Lerner made unsuitable transactions, made misrepresentations, and made omissions. Because of this, the client sustained damages on mutual funds and private placements (Energy 11 LP). Therefore, the client requested $450,000 in compensation from David Lerner Associates or Lerner. Evidently, this arbitration is pending a resolution.
Daniel Lerner worked for Prudential Securities Incorporated in New York, NY, as a securities broker from February 18, 2000 to August 2, 2000. Lerner has been employed by David Lerner Associates in White Plains, NY, as a securities broker since September 20, 2000.
Have you sustained damages because of securities broker Daniel Lerner? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about potentially recovering your investment losses. Soreide Law Group, who has successfully recovered money for investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Lerner and brokerage firms Lerner was employed by deny any and all allegations of sales practice violations.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com