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David Lerner and Associates Inc.

Charles Bonilla-Former David Lerner Broker-Sanctioned Over Energy LP Sales – Boca Raton, FL

Charles Bonilla-Former David Lerner Broker-Sanctioned Over Energy LP Sales – Boca Raton, FL 150 150 Rex Securities Law

July 2021- Boca Raton, FL According to publicly available records Charles Bonilla (CRD#2572107), a broker who formerly worked for  David Lerner Associates, discloses a regulatory resulting in a suspension and fine…

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Allen B. Holeman-David Lerner Broker-Discloses Regulatory Complaint

Allen B. Holeman-David Lerner Broker-Discloses Regulatory Complaint 150 150 Rex Securities Law

July 2016- Syosset, NY The FINRA records of Allen B. Holeman  , a stock broker who works for David Lerner Associates  , disclose  a currently pending regulatory matter and 2 outstanding judgement/liens The Financial Industry Regulatory Authority (FINRA) is…

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FINRA Hits Lerner for $14 Million Over Apple REIT Ten

FINRA Hits Lerner for $14 Million Over Apple REIT Ten 150 150 Rex Securities Law

On October 22, 2012, the Financial Industry Regulatory Authority ordered David Lerner Associates (DLA) to pay $12 million in restitution to customers who purchased Apple REIT Ten and customers charged…

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Lerner’s Misleading Sales Tactics Cause FINRA to Issue Alert

Lerner’s Misleading Sales Tactics Cause FINRA to Issue Alert 150 150 Rex Securities Law

FINRA reissued its Investor Alert on non-traded REITs as a result of the action filed by FINRA against David Lerner & Associates for failing to investigate the suitability of the…

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Do You Own Lerner Apple REIT Ten ? Read Why FINRA is Concerned, Part One.

Do You Own Lerner Apple REIT Ten ? Read Why FINRA is Concerned, Part One. 150 150 Robert H. Rex

In December 2011, the Financial Industry Regulatory Authority (FINRA) amended their complaint against the company David Lerner Associates, Inc. and added David Lerner, individually. That amended complaint contains information that…

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David Lerner Fined $2.3 Million by FINRA

David Lerner Fined $2.3 Million by FINRA 150 150 Rex Securities Law

  FINRA fined David Lerner Associates, the New York based brokerage firm recently in the headlines for the sale of the Apple REITs, $2.3 million. FINRA’s ruling, which can be…

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Former David Lerner Officer Leaves to Start New Firm

Former David Lerner Officer Leaves to Start New Firm 150 150 Rex Securities Law

March 21, 2012 The former chief compliance officer of David Lerner Associates, Inc. has formed a new firm, Cabot Lodge Securities, and has opened three offices in New York City and is opening…

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FINRA Claims Lerner Tried to Coverup Apple REIT Results

FINRA Claims Lerner Tried to Coverup Apple REIT Results 150 150 Rex Securities Law
On June 20, 2011, two class action suits were filed against David Lerner & Associates over its sales of Apple REITs, a family of real estate-based securities. This follows a recently filed complaint by the Financial Industry Regulatory Authority (FINRA) alleging that David Lerner Associates, Inc. has been misleading investors about the value of the Apple REIT Ten shares. Here is a link to the  FINRA Press Release about the first regulatory action against Lerner. Lerner’s company sold $6.8 billion of the securities into some 122,600 customer accounts. His company is a prominent advertiser on New York City radio, famous for its tagline, “Take a Tip from Poppy”, and in recent years has hosted seminars drawing hundreds of investors in the Boca Raton, FL area. In December 2011, FINRA sued Lerner again, this time amending the prior complaint against Lerner’s company and this time naming him individually, for statements he made in an attempt to quell anxious customers who had reason to be concerned about their investments since two class actions and a regulatory action were filed questioning the value of the investment. … read more