A National Securities Arbitration & Investment Fraud Law Firm

Articles Posted in Recent Investigations

As the sole distributor of a Real Estate Investment Fund, David Lerner Associates allegedly solicited thousands of customers without determining if it was suitable for investors. In addition, FINRA states the firm targeted “unsophisticated investors” and the elderly. In 2012, FINRA ordered the firm to pay $12 million in restitution to affected customers who purchased shares.

Brookstone Securities, as well as its owner/CEO, Antony Turbeville, and one of its brokers, Christopher Kline, were reported by FINRA to have made fraudulent sales of collateralized mortgage obligation to elderly and retired investors. The firm was not only fined $1 million, it was also ordered to pay restitution of more than $1.6 million.

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