National investment fraud lawyers KlaymanToskes is currently pursuing FINRA arbitration claims on behalf of investors who suffered losses with David Lerner Associates and its financial advisors in connection with the sale of Energy 11 and Energy 12 Funds.
The Energy 11 and Energy 12 Funds were high-commission, illiquid, non-traded financial products offered by David Lerner Associates (“DLA”) and its registered financial professionals. These investments were proprietary and were marketed, underwritten, managed, and sold by DLA, and it is our opinion that this created a conflict of interest for investors. The underlying risks, sales charges, and operating expenses must be fully explained to customers.
The unsuitable, illiquid investments include:
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.
David Lerner Associates allegedly violated the following securities laws:
The following is a list of financial professionals who are currently, or have previously been, registered with David Lerner Associates that have significant public disclosures according to their linked FINRA BrokerCheck profiles:
Investors should be cautious when considering investing in proprietary, non-traded financial products, as they are often high-risk, illiquid, and carry hidden fees. Before investing in any financial product, it is important that investors conduct thorough research to fully understand the underlying risks and charges involved.
Investors who own Energy 11 or Energy 12, or who have suffered investment losses following recommendations by David Lerner Associates and its financial advisors, are encouraged to contact Lawrence L. Klayman, Esq., at 888-997-9956, or email@example.com to discuss their recovery options.
All cases are taken on a contingency basis, meaning we do not collect attorney’s fees unless we are able to make a recovery for you. KlaymanToskes has recovered over $250 million for investors in FINRA arbitrations cases alone.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Lawrence L. Klayman, Esq.