National investment loss lawyers KlaymanToskes is investigating broker Robert Rasbach (CRD# 1204704) of David Lerner Associates, Inc. and Benchmark Investments following the filing of two pending customer complaints alleging nearly $1,000,000 in damages due to misrepresented and unsuitable investment recommendations. One of the complaints further alleges investment losses in Spirit of America Energy 11 and Energy 12 Funds.
According to FINRA BrokerCheck, broker Robert Rasbach was previously registered as a broker with David Lerner Associates, Inc. from 2000 to 2021 in Westport, CT. Rasbach was also previously registered as a broker with Benchmark Investments from 2021 to 2023. Currently, Rasbach is registered with Kingswood Capital Partners in New York, NY.
David Lerner Associates (DLA) has a significant history of regulatory issues with FINRA. The firm has been censured and fined multiple times for unfair pricing practices, failure to report securitized products in a timely manner, failure to maintain written reports of prior branch office examinations, and not following its own compliance requirements for the sale of non-traded REITS, among other issues.
Investors that suffered losses with broker Robert Rasbach are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigations of broker Robert Rasbach:
If you suffered losses with broker Robert Rasbach, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Robert Rasbach. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA, brokerage firms such David Lerner Associates, Inc. and Benchmark Investments are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Robert Rasbach, or have concerns regarding your investment portfolio at David Lerner Associates, Inc., Benchmark Investments, and/or Kingswood Capital Partners contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.