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David Lerner Has Two Outstanding Liens

David LernerPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 22, 2016 indicate that New York-based Network 1 Financial Securities broker David Lerner has received customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Lerner (CRD# 1883553).

David Lerner has spent 25 years in the securities industry, and has been registered with Network 1 Financial Securities since 2014. Previous registrations include Buckman, Buckman & Reid of New York (2013-2014); Broadband Capital Management of New York (2011-2013); Wilmington Capital Securities of New York (2008-2011); Sandgrain Securities of New York (2002-2008); and First Union Securities of St. Louis (1998-2000). Mr. Lerner is registered in two US states.

According to his BrokerCheck report, David Lerner has been the subject of nine customer complaints and two judgments or liens.

In April 2015, the Internal Revenue Service filed a tax lien totaling $81,986 against David Lerner. The lien remains outstanding.

In 2010, a customer alleged David Lerner, while employed at Sandgrain Securities, recommended unsuitable investments. The complaint settled in 2011 for $45,000.

In 2006, the State of California filed a tax lien totaling $7,472 against David Lerner. The lien remains outstanding.

In 2000, David Lerner was terminated from First Union Securities following allegations he “did not adhere to firm policies Re: possible trade errors and complaints.”

In 2000, a customer alleged David Lerner, while employed at First Union Securities, failed to follow instructions. The complaint settled for $193,966.

In 2000, a customer alleged David Lerner, while employed at First Union Securities, failed to follow instructions. The complaint settled for more than $23,000.

In 2000, a customer alleged David Lerner, while employed at First Union Securities, executed unauthorized equity trades. The complaint settled for $408,945.

In 2000, a customer alleged David Lerner, while employed at First Union Securities, failed to follow the instructions. The complaint settled for $213,000.

In 2000, a customer alleged David Lerner, while employed at First Union Securities, executed an unauthorized equity trade. The complaint settled for more than $151,000.

In 2000, a customer alleged David Lerner failed to execute an order and executed unauthorized trades. The complaint settled in 2001 for $350,000.

If you have lost money investing with David Lerner, you may be entitled to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.