A National Securities Arbitration & Investment Fraud Law Firm

Broker David Schmerber Subject of Customer Dispute

David Schmerber (CRD #2093918) is a currently registered broker and investment advisor with Cetera Advisors of Centerville, OH. He has been in the industry since 1990. His previous employers include:

  • LPL Financial LLC (CRD #6413)
  • Smith Barney Inc. (CRD #7059)
  • Lehman Brothers Inc. (CRD #7506)

Schmerber’s brokerage firm, LPL Financial, settled a customer dispute alleging unsuitable investment strategies. Filed on 03/16/2017, the clients alleged that between 2008 and 2016, Schmerber in “various complex, volatile and speculative securities which were unsuitable for claimants’ investment objectives.” The clients requested damages in the amount of $1m, with damages awarded at $395,000.

Did You Invest With David Schmerber?

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct.  Most cases handled on a contingent fee basis. This means that you won’t any pay legal fees unless we are successful. Call us toll free at 800-975-4345, or use our online contact form to get in touch.

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