Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 21, 2018 indicate that New York-based David Lerner Associates broker/adviser Scott Mass has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Mass (CRD# 1971403).
Scott Mass has spent 28 years in the securities industry and has been registered with David Lerner Associates in Syosset, New York since 1996. He was previously registered with David Lerner Associates in Syosset, New York (1989-1995). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 26, 1989; Series 7 (General Securities Representative Examination), which he obtained on August 19, 1989; and Series 24 (General Securities Principal Examination), which he obtained on May 8, 1995. He is a registered broker with 27 US states and territories.
According to his BrokerCheck report, he has received one customer complaint, two pending customer complaint, and three customer complaints that were closed, denied or withdrawn.
In June 2018 a customer alleged Scott Mass, while employed at David Lerner Associates, acted negligently, committed fraud, breached his fiduciary duty, recommended unsuitable investments, and breached contract in connection with the sale of Puerto Rico bonds. The customer is seeking between $50,000 and $100,000 in damages in the pending complaint.
In 2016 a customer alleged Scott Mass, while employed at David Lerner Associates, recommended unsuitable investments in mutual funds between 2007 and 2015. The complaint settled for $15,000.
In 2016 a customer alleged Scott Mass, while employed at David Lerner Associates, misrepresented and recommended unsuitable mutual fund investments. The customer sought $65,000 in damages in the complaint, which was denied.
In 2011 a customer alleged he, while employed at David Lerner Associates, provided poor service. The customer sought $5,000 in damages in the complaint, which was closed with no action taken.
In 2012 a customer alleged he, while employed at David Lerner Associates, made unsuitable recommendations, misrepresented material facts, and omitted material facts. The customer sought $250,000 in damages in the complaint, in which he was not named as a respondent, and which was withdrawn.
If you or someone you know has lost money investing with Scott Mass, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect 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.