Category Archives: Apple REITS

David Lerner’s brokerage fined $2.3 million for misleading investors

Posted on April 4, 2012 by Klayman & Toskes

The following story appeared on Reuters on April 4, 2012: David Lerner Associates, the New York-based brokerage that regulators say misled investors in its marketing of municipal bonds and mortgage-backed securities, was fined $2.3 million by an industry regulatory panel … Continue reading →

Posted in Apple REITS, Arbitration, David Lerner & Associates, Enforcement, FINRA | Leave a comment

FINRA sues David Lerner founder for misleading investors

Posted on January 31, 2012 by Klayman & Toskes

The following story appeared on Reuters on January 30, 2012: David Lerner, who owns a brokerage that regulators say misled investors in its marketing of real estate securities, is now charged with similar misdeeds for statements he made to quell … Continue reading →

Posted in Apple REITS, Arbitration, Enforcement, FINRA, Misrepresentation, Omission | Leave a comment

David Lerner Associates’ Fiduciary Compliance on Apple REITs Under Investigation

Posted on June 20, 2011 by Klayman & Toskes

By GAIL LIBERMAN-Palm Beach Daily News, 6/18/11 I don’t know about you, but I’ve run into reps of David Lerner Associates Inc., Syosset, N.Y., soliciting over the last few years at West Palm Beach convention center events. Plus, I still … Continue reading →

Posted in Apple REITS, Arbitration, David Lerner & Associates, Enforcement, Fraud, Private Placements, Suitability | Leave a comment