Eccleston Law: James Eccleston Quoted In Long Island Business News Regarding David Lerner

Posted on June 1st, 2011 at 9:00 AM

Eccleston Law Offices attorney James Eccleston was quoted in a Long Island Business News Article, "FINRA Charges David Lerner & Associates."

The article highlights the complaint filed by the Financial Industry Regulatory Authority against David Lerner & Associates.  FINRA has charged Lerner with misleading its investors about the company's real estate investment trusts (REITs) and for targeting "unsophisticated and elderly customers" to sell limited-liquidity securities that may have been unsuitable investments for them.


Chicago-based attorney James Eccleston, who represents two Lerner investors, said Lerner's clients were led into highly concentrated, illiquid investment products without understanding fully what they were buying into.

"As with all of these, it's unsuitability, as well as a failure to disclose the risks and rewards of the program," Eccleston said.

The article can be read at http://libn.com/2011/05/31/finra-levels-charges-against-david-lerner-associates/

Related Attorneys: James J. Eccleston

Tags:

Return to Archive

TESTIMONIALS

Previous
Next

You were most helpful with my FINRA deposition. You are a good lawyer and a good person.

Dan B.

LATEST NEWS AND ARTICLES

September 29, 2023
Traders Engage in Boom-or-Bust Options in Stock Market

The stock options market is experiencing a surge in activity, as many individual investors are eagerly engaging in trades that expire within hours or days to take advantage of the volatile market swings.

September 28, 2023
Former LPL Affiliate Compliance Chief Suspended by FINRA for Unauthorized $1 Million Transfer

The Financial Industry Regulatory Authority (FINRA) fined and suspended Jeffrey K. Kirkpatrick, a former chief compliance officer at a registered investment advisor previously affiliated with LPL.

September 27, 2023
Former Creative Planning Staff File Lawsuit Challenging Non-Compete Agreements

Four former employees of Creative Planning have filed a lawsuit, alleging that their non-compete agreements with the firm unlawfully restrict their ability to work in the industry.