Although investors always have an action to recover damages or rescind an unsuitable investment, David Lerner Associates is fond of claiming that it has disclosed all of the risks. Well, not so fast.
Forget the misleading oral presentations, at seminars or in person. The David Lerner Associates’ website doesn’t even tell the whole truth.
That allegation comes not from Eccleston Law Offices but instead from the enforcement complaint filed by securities regulator FINRA. In the complaint, FINRA alleges:
The website misleadingly and inaccurately characterized the source of distributions as “net income and a return of capital, primarily in the form of depreciation” when in fact the return of capital was not primarily from depreciation.
Reality, revisited. Call us at 312-332-000 to discuss your remedies.
FinancialCounsel.com, hosted by James J. Eccleston, is a companion website to this blog, along with EcclestonLaw.com. It contains complementary material of general interest to investors and financial services professionals. Investors will find material on securities arbitration to recover investment losses; industry and financial markets intelligence; and strategies for estate planning. Professionals have access to material on broker/adviser registration, regulation, compliance and disciplinary proceedings; industry and financial markets intelligence; strategies for estate planning; and broker/adviser employment litigation and injunctions, including defamation and non-competition/solicitation issues. 
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