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

Related Attorneys: James J. Eccleston


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